Shadow banking: Council adopts transparency rules on securities financing transactions

	A regulation that will improve the transparency of securities lending and repurchase transactions was adopted by the Council on 16 November 2015.  The regulation is intended to counter the risk of trading activities developing outside the regulated banking system, or otherwise without proper oversight.  By introducing binding and reporting requirements, it sets out to discourage banks and other financial intermediaries from shifting transactions to the less-regulated shadow banking sector. It will ensure that information on securities financing transactions is efficiently reported to trade repositories and investors in collective investment undertakings.