Oftel has now been the regulatory agency for UK telecommunications for over 15 years. The FCC has regulated US telecoms … million with a growth in mobile subscribers from zero to 24 million. Over the same period, telecommunications revenue as a … policy instruments such as interest rates and/or monetary growth rates to an independent central bank rather than leave …

of the less regulated, so-called shadow banking sector. Employing flow-of-funds data for the Euro Area's non-bank banking … increase in non-bank banking). Overall intermediation activity, hence, has remained roughly at the same level. Moreover, our … findings also suggest that non-bank banks have tended to take positions in riskier assets (particularly in equities). In line …

Shadow banking has come roaring back and in new forms that still manage to escape bank regulation and could pose …