Nov
12
Shadow Banking Grows 10% Driven by Lenders in China and Ireland
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Global regulators release narrower `shadow bank’ definition
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Shadow banking assets continue growth as banks retrench
The global assets of the shadow-banking industry grew by $1.1 trillion to about $36 trillion last year, outpacing banks and other financial institutions and driven by growth in the U.S., China and Ireland, according to the Financial Stability Board.
Shadow-banking assets, captured under a new narrower definition designed to better isolate institutions that pose risks to the financial system, amount to 59 percent of gross domestic output and 12 percent of all financial assets in the 26 countries participating in the FSB’s annual survey, the Basel-based regulator said on Thursday…
Shadow Banking Grows 10% Driven by Lenders in China and Ireland
