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Global regulators are set to sharpen their scrutiny of hedge funds, clearing houses and pension assets this year after a run of crises has shifted watchdogs’ focus towards risks outside the banking system. The disparate group, loosely defined as “non-bank financial institutions” by regulators, has been thrust into the spotlight after a series of market ructions over the past two years.
“It’s critical for global regulators to look at, 15 years later or so, is this what we wanted to achieve?” said Ana Arsov, co-head of global banking at Moody’s, echoing Bailey on the need for global co-ordinated action since they both argue that the sector is so international it can only be tamed by worldwide measures.
https://www.ft.com/content/1a75dee8-ffe1-402b-a890-5c9e84798d85
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