G20, keeping our economies from stalling and falling might depend on unregulated shadow banks… a ‘Banca sommerza’.
That allows banks to earn much higher risk-adjusted returns on equity on what is perceived as safe than on what is perceived as risky. And this, as should easily be understood, kills the opportunities for SMEs and entrepreneurs to have fair access to that bank credit with which they could help generate the next harvest of decent jobs. As you should understand it also serves as a potent inequality driver.
Frankly, what does for instance a Thomas Piketty from University Boulevard, know about unequal opportunities on Main Street?