WASHINGTON — Democratic presidential hopeful Hillary Clinton has made reining in the shadow banking system a focal point of her campaign platform, but there are fears that doing so could come with a high price tag for the U.S. economy.

While her rival, Sen. Bernie Sanders, D-Vt., has focused on big banks, Clinton has argued that shadow banking risks found in firms like hedge funds and private equity firms were responsible for the financial crisis. She has proposed steps such as giving the Financial Stability Oversight Council more power to target shadow banking activities, enhancing oversight of broker-dealers and improving disclosures.

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