The European Parliament has published a press release titled "Members of the European Parliament have been asked to back more transparency and regulation for shadow banking".
Measures suggested of ways to make identifying systemic risks easier include:
Creating a central EU database, possibly run by the European Central Bank, on repo transactions in all currencies, in order to have a full picture of the repo market.
Setting up a central registry for all financial transactions, including trades in derivatives, in order to determine in real time who has purchased what from whom as well as what the transferred risks are.
Other suggestions in the report include imposing a maximum limit of the banks' exposure to unregulated entities to 25% of own funds and requiring all shadow banking entities sponsored by or linked to a bank to appear on the bank's balance sheet.