Interview: Natasha Cazenave on systemic risk in asset management
Chair of Iosco’s investment management committee welcomes “shift in the debate to an activities focus”
The Financial Stability Board (FSB) first outlined five workstreams on the regulation of shadow banking in October 2011, developing its recommendations into a policy framework published in August 2013. Of the five, perhaps the most vexing has been the examination of the "systemic risks posed by other shadow banking entities and activities".
In January 2014, the FSB and International Organisation of Securities Commissions (Iosco) proposed a methodology for identifying non-bank, non-insurance
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