FSB has published an update on its progress towards better oversight and regulation of shadow banking. Its task force has collected data and information over the summer that it will use to evaluate and adjust the framework it proposed in April. It has identified some areas for further work, including regulation of banks’ interaction with shadow banks as well as regulation of the shadow banks themselves. It also proposes to look closely at securitisation and securities lending and repurchase activities as well as the possibility of regulatory reform of money market funds. It will report further on progress in October. FSB also published the submissions it received in response to its April paper. (Source: FSB Updates on Shadow Banking)