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Ring-fencing Banks: who is doing it, why and will it work?

The role of banks in the global financial crisis has generated significant public anger. The massive bailout using billions of public sector funds has been seen as something which must not be allowed to happen again.
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What is so special about European Shadow banking?

The 2007 financial crisis revealed the existence of a completely parallel funding system outside of regular banking, the so-called shadow banking system (SBS). Researchers have focused on the American SBS, but the European SBS has received little attention.
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