Non-financials may be caught by shadow bank rules
Banks warn of "massive" impact from EBA proposals, which would limit credit lines
Non-financial companies could be classed as shadow banks under draft new European definitions, critics are warning, possibly resulting in tighter credit lines as a result of counterparty exposure limits that apply to any firm carrying that tag.
"The criteria would hit us several times, and probably most of our fellow corporates somewhere," says a senior treasurer at a European non-financial company.
The European Banking Authority's (EBA) proposed shadow banking definitions, released on March 19
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