With the regulatory spotlight fixed on banks and
their activities, the shadow banking industry is growing.
According to Stuart Willey at White & Case in
London, the provision of credit within the financial system may
shift away from the banking organisations because of the
controls that are imposed upon them.
happening in Asia: The Financial Times reported recently that
the management team of Azentus, one of Hong Kong’s
new hedge funds, all came from Goldman Sachs.
As it gets more costly for banks to do business, the lightly
regulated shadow banking sector has seized the opportunity to