Head Of CFA Institute On The Shadow Banking System, Future Of Banks And The European Banking Union

03.31.2015 By Claudia Medrega

The expansion of the shadow banking system comes as a reaction to the global financial crisis and to restrictions imposed on banks and it cannot said to be good or bad, but a necessity and the challenge is related to an adequate monitoring, regulation and control of this system, believes Paul Smith, the new president and CEO of CFA Institute of the United States.

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Keywords:
CFA
, banking
, crisis