Treasury doesn’t understand risks of shadow banking bubble, Lords warn

Lord Hollick stressed that ‘the Treasury itself needs to be curious about this and needs to be actively engaged’ - Roger Harris Photography Treasury ministers have come under fire from an influential group of peers for failing to grasp the risks of Wall Street’s shadow banking bubble. On Thursday, the House of Lords’ financial services regulation committee heavily criticised the Government for having “demonstrated a limited grasp” of the risks posed to the financial system from the private markets boom. ...