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Risk Managers Still Preoccupied With Eurozone Crisis, Bank of England Finds

European Flag

The eurozone crisis will not go away. More than nine out of 10 risk managers at financial firms asked about the greatest threat to the financial system cite sovereign risk. In the second half of 2012, it was the biggest concern of 94% of those asked by the Bank of England, while 77% were most worried about the risk of the economic downturn.

Shadow Banking Grows to $67 Trillion Industry

Shadow - Ede Bittle

The shadow banking industry has grown to about $67 trillion, $6 trillion bigger than previously thought, leading global regulators to seek more oversight of financial transactions that fall outside traditional oversight.




IMF walks out of Greece bailout talks

The International Monetary Fund dramatically pulled out of talks with debt-stricken Greece on Thursday after it accused Athens of failing to compromise over labour market and pension reforms.