A closer look at securitization and securities lending regulation is necessary as the Financial Stability Board continues to brainstorm ways to stabilize and oversee the shadow banking system, the FSB said Thursday.
The FSB was created to develop and promote international regulatory and supervisory powers to ensure systemically important financial firms do not pose risks to global economies.
The securitization model became a heated topic after the 2008 financial meltdown when toxic mortgages packed into securities defaulted, causing panic in the financial markets.
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