According to a recent article published by Bloomberg, global regulators (whoever they may be) from the Financial Stability Board met in Basel, Switzerland to decide on a "framework for domestically systemically important banks" which should be up and going by next year. This would expand the list of financial institutions which, in case of failure, would pose risks to the stability of the domestic system, and therefore should be regulated. After we saw insurers (AIG) and governmental mortgage associations (Fannie Mae, Freddie Mac) being bailed out in 2008, it is time to also regulate the so called shadow banks.
