The Shadow Financial Regulatory Committee (SFRC) is a group of publicly recognized independent experts on the financial services industry--including banking, insurance and securities--who meet regularly to study and critique regulatory policies affecting this sector of the economy.

The Shadow Financial Regulatory Committee endorses the establishment of a procedure in which substantial hedge fund failures are automatically subject to forensic examination.

Greater clarity about costs should ultimately enable fund investors to obtain investment services at lower cost.

The losses appear to have stemmed from positions taken in anticipation of a narrowing of credit spreads among debt instruments, based on highly complicated mathematical models.

Recent scandals have exposed a number of abuses related to Rule 22c-1 under the Investment Company Act of 1940.

The Shadow Financial Regulatory Committee reviews several policies designed to resolve the current home mortgage foreclosure problem and describes six general principles that should guide the development of any mortgage foreclosure initiative.

Is therea compelling rationale for setting a capital charge for operational risk, andis the Basel 2 approach the most efficient means of achieving a reduction to operational risk?

The Shadow Financial Regulatory Committee discusses what would be required for the development of a single transatlantic market in financial services.