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UK firms lead in cross-border loans to shadow banks

Entities based in the UK had 20% of outstanding global loans to non-banks

Banks located in the UK had the most cross-border loans to non-bank financial institutions outstanding as of Q3 2019, Bank for International Settlements data shows.

UK-based lenders had claims worth $1.4 trillion on overseas shadow-banking entities, 20% of the total $7 trillion outstanding. Japan- and US-based firms had the joint second-most claims, worth $1.2 trillion each. 

US-based banks

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