Neither in the shadows nor banks –- Further, some of the entities that the Green Paper proposes to label as shadow banks are neither in the shadows nor banks nor even banklike. Investment funds generally and [money-market mutual funds] in particular are significantly more transparent than banks, and, therefore, hardly in the “shadows.” For example, U.S. [money-market mutual funds] must disclose their portfolio holdings on a monthly basis. Comprehensive, frequent, and easily accessible MMF disclosure enables shareholders, regulators, and market participants to be well informed about fund holdings. Banks, on the other hand, do not have these same disclosure requirements and, consequently, are much less.