Shadow banking grows, regulation coming  shadow banking wall
street Regulators are seeking new powers to control growing
"shadow banking" system  The murky world of exotic financial
instruments known as "shadow banking" has grown, rather than
shrunk, since the crash of 2008, and regulators are seeking new
ways to control it.  The shadow banking system, which includes
non-banking, and sometimes risky, instruments, was worth $67
trillion at the end of 2011, according to the Financial
Stability Board, which coordinates global financial reform and
regulation. That's up 8% from 2007, when it stood at $62
trillion.  About half the size of the global banking system,
shadow banking provides an important alternative source of
funding for businesses and individuals. But it can also threaten
financial stability by using short-term assets to fund long-term
lending, or by creating complex transaction chains which can
rapidly exaggerate price moves up or down.  In 2008, the
collapse of the mortgage backed securities market