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Joggers run past the Bank of Canada building in Ottawa.
Joggers run past the Bank of Canada building in Ottawa.
(CHRIS WATTIE/REUTERS)

Shadow banking under scrutiny, from Canada to China

First the banks faced a crackdown. Now shadow banking’s under the spotlight.

Coming out of the financial crisis, regulators and central bankers devoted their attention to reforming the world’s banks, piecing together new rules that altered how these crucial institutions operate. The crackdown spawned the likes of the Basel III Accord and the Dodd-Frank Act.