From Tradearabia.com: Shadow banking - particularly the packaging and distributing of derivative financial instruments that were not based on any real economic activities - caused a textbook-style manifestation of regulatory sabotage, a top official said.

Accounting and Auditing Organisation for Islamic Financial Institutions secretary- general Dr Mohamad Nedal Achaar was delivering a keynote speech at the ninth Islamic Finance Summit, organised by Euromoney, which he chaired in London…………………………………..Full Article: Source