The global non-bank financial sector, commonly known as “shadow banking,” has expanded at double the pace of traditional lenders, according to a report by Bloomberg citing research by the Financial Stability Board (FSB).
In its latest annual review, the FSB said that non-bank financial intermediaries – including hedge funds, private credit providers, money market funds, pension funds, and insurers – now account for 51% of global financial assets, or $256.8tn, marking the second-largest share on...
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