September 27, 2018 / 1:46 PM / 10 months ago

ECB's Draghi wants more tools for regulating shadow banks

FILE PHOTO: European Central Bank President Mario Draghi speaks during a news conference at ECB headquarters in Frankfurt, Germany, Sept. 13, 2018. REUTERS/Kai Pfaffenbach/File Photo

FRANKFURT (Reuters) - Financial policymakers need more tools and data to regulate investment funds and other so-called “shadow banks” after a boom in the industry, European Central Bank President Mario Draghi said on Thursday.

“The growth in importance of the non-bank financial sector requires commensurate additions to the policy toolkit,” Mario Draghi told an event at the ECB.

“Policymakers also need access to – and the ability to process and understand – high-quality data to underpin their decisions.”

Reporting by Francesco Canepa and Balazs Koranyi; Editing by Hugh Lawson

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below