BIS wants tighter rules for funds offering credit, fintech

Regulations introduced after the financial crisis a decade ago to smooth out banking booms and busts should be extended to funds that provide credit, or shadow banks, and fintech firms, the Bank for International Settlements (BIS) said on Sunday.The introduction of "macroprudential" policy requiring banks to build up separate "countercyclical" buffers of capital if credit markets become frothy was a core crisis-era innovation.The buffers can be released if loans begin turning sour and maintain r