Non-banks continue rise as banks lose market share
Non-bank financial firms hit a record high, at nearly half of global financial assets, FSB finds
Non-banks continued to grow as a share of the global financial system in 2017, even as banks lost market share, according to the Financial Stability Board’s latest monitoring report.
The total “monitoring universe” of non-banks that offer financial intermediation grew 7% in 2017, hitting a value of $184.3 trillion, or 48.2% of total global financial assets. Non-banks have expanded their share of the global system for six consecutive years, hitting a record high, according to the FSB figures.
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