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The Regulation of Non-Bank Financial Institutions
Terry Chuppe Anjali Kumar Paula Perttunen
Price: $ 22

World Bank Discussion Paper No. 362.
There has been tremendous growth worldwide in the mobilization of financial resources outside traditional banking systems. Channeled mainly through capital markets, such rapid financial diversification is posing new challenges for regulators in many emerging markets. This document describes the various aspects and implications of this growth, reviews the regulatory framework adopted in some mature market economies, including the United States and the European Union, and discusses regulatory issues in emerging markets.

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