The future of bank-intermediated credit: some issues and implications of shadow banking
By Stephen Kensell and David Krischer
As the implications of the slew of financial services regulation targeting the banking sector become clear, governments and regulators around the world are turning their attention to shadow banking.
This is an incredibly complex and complicated subject that regulators themselves still do not know how to tackle but that has some fundamental implications for the future provision of credit.
If you compete in the financial services industry (including providing services to financial institutions), it is unlikely to have escaped your notice that shadow banking has become a topic of major importance. In recent months, it has been the subject of keynote lectures and presentations by senior industry figures ranging from Adair Turner, Andrew Haldane and Paul Tucker, not to mention gaining attention from global institutions such as the FSB, the New York Federal Reserve Bank and the European Union…
Click on the link below to read the rest of the Allen & Overy briefing.
News from Allen & Overy
News from The Lawyer
Briefings from Allen & Overy
The government has published its response to the ‘Freedom and choice in pensions’ consultation. Individuals aged 55 or over will be able to access their entire DC pension flexibly.
Extension of the sanctions relief provided for in the Joint Plan of Action between the P5+1 and the Islamic Republic of Iran
On 18 July 2014, the P5+1 (the US, the UK, Germany, France, Russia and China) agreed with Iran to extend their commitments under the Joint Plan of Action.
Analysis from The Lawyer
At the time of its launch Accutrainee was described as a revolutionary change to the training model. Has it proved to be so? Not really.
Shearman & Sterling is making its presence felt in the City, squaring up to magic circle firms and looking to muscle in on key relationships. Private equity house Bridgepoint is one outfit that has had its head turned by the US firm.