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Luxembourg lurks in the dark as regulators light up shadow banking

It did not contribute data to G-20 review of efforts to transform risky sector

Luxembourg is one of the European Union's biggest hubs for non-bank lending, hosting investment funds with about 3.8 trillion euros of assets, according to European Central Bank data.


LUXEMBOURG, the home of European Commission President Jean-Claude Juncker and of the European Union's biggest fund industry, remains in the shadows.

The grand duchy didn't contribute to the Financial Stability Board's (FSB) annual study of global trends and risks in

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