Archegos meltdown to intensify shadow banking regulatory scrutiny: Report

By Michelle Price and Katanga Johnson WASHINGTON (Reuters) - The implosion of New York-based Archegos Capital Management and the resulting losses for global banks is likely to intensify regulatory efforts to curtail the ballooning shadow banking sector and shed light on its risks.

Scrutiny of nonbanks was already a priority for Democratic lawmakers and Treasury Secretary Janet Yellen after hedge funds were involved in last year's Treasury market turmoil, dislocations in the repurchase agreement market in 2019, and January's.

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