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After Elon says Twitter will Process Payments, Senate Banking Committee (Re)introduces Bill to Close ‘Shadow Banking’ Loophole | National Crowdfunding & Fintech Association of Canada

CNBC | Chelsey Cox | Dec 6, 2022 Senate Banking Committee Chairman Sherrod Brown will introduce a bill Tuesday that aims to close the so-called shadow banking loophole that allows retail and tech companies to offer banking services without the same stringent oversight as other financial institutions. The

The dangerous spread of shadow banking | World Finance

Since the global financial crisis, regulators have restricted the lending abilities of traditional banks, leaving the riskier bits to non-bank financial institutions. The policy may have gravely backfired

US applies sanctions over Iran shadow banking, drone network - MarketBeat

US applies more sanctions over Iran shadow banking, drone network | Business Standard News

The United States on Thursday announced more sanctions against people and firms associated with Iran and with what it said was an illicit banking network used to conceal transactions.

Silicon Valley Bank failure offers lesson for China | Zee Business

The Securities Times said that while the SVB incident reflects loosened regulation of such banks in the US, a slew of financial regulatory reforms in China over the past years have cleaned up the industry, curbed shadow banking and reduced financial risks. Get more World News and Business News on Zee Business.

Yellen: US Must Address Vulnerabilities in 'Shadow Banking' | PYMNTS.com

U.S. Treasury Secretary Janet Yellen wants more oversight for the nonbank sector.

US regulator calls for greater scrutiny of hedge funds after bond turmoil- FT - ForexTV

(Reuters) – Gary Gensler, the chair of the U.S. Securities and Exchange Commission, said that hedge funds and other parts of the shadow banking system need to face greater scrutiny after last month’s upheaval in U.S. government bonds, the Financial Times reported on Saturday.

Debt on a downward spiral: China’s LGFVs | china, lgfv, local government financing vehicles, stress, credit, bonds, default, property, shadow banking, alicia garciaherrero | FinanceAsia

Analysts fear that defaults in the shadow banking space could push into public bond markets. Will Beijing be able to implement reform?

Shadow Banking System: In search of binding ties: Lack of SRO will continue to haunt shadow banks

Legacy shadow banks continue to do business without a self-regulatory body. This is far from ideal

China Shadow Banking Defaults Surge | ZeroHedge

Research from GF Securities Co. shows there were 73 cases of shadow-banking defaults in the first four months, already a full-year record since data became available in 2018.