PCS files a response to the Financial Stability Board's Consultative Document on Shadow Banking

PCS has filed a response to the FSB's consultation on Shadow Banking which can be found here.  Generally welcoming the FSB's approach, PCS questions the categorisation of "securitisation" as an "economic function" in the FSB's analysis and makes a number of suggestions both as to the general approach to non-bank systemic risk and the detailed FSB suggestions