Global shadow banking assets hit highest level since 2002 – FSB
FSB report uses data on Luxembourg for first time and examines Chinese shadow banking risks
The assets of “other financial institutions” grew to their highest level since 2002 in 2016, the Financial Stability Board says.
Total assets of OFIs increased by 8% to $99 trillion in 2016, the body says in its 2017 report on the global shadow banking sector, published today (March 5).
OFIs’ assets grew less quickly in 2016 than those of central banks, but faster than those of commercial banks, insurance companies and pension funds.
The banking sector held about 40% of total financial assets
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