That is what the rise of the "shadow banking system" was about-evading capital requirements.

We have decided to develop the regulation and oversight of shadow banking.

They would, however, be subject to Federal Reserve supervision unlike lenders in the unsupervised "shadow banking" system.

The even larger shadow banking sector must be regulated in an equivalent way to banks, to limit systemic risk and reduce speculation as much as possible.

Moreover they constituted a 'shadow banking' in order to raise capital from the short-term money market by marketing toxic derivatives.

The system also includes the lightly regulated or non-regulated bodies - this is known as the "shadow banking" system.

Mr Barnier says he will also present rules this year on so-called shadow banking, which he decribed as a "major issue".

This causes a powerful development of capital markets and supporting financial services, including shadow banking (credit facilities by non-bank organizations).

The regulatory system in Basel II was circumvented by means of shadow banking.

If this is more shadow banking, it is not going to help.