Shadow banking risks still unclear, EU watchdog warns

Gaps in data prevent full assessment of almost half the shadow system, says ESRB report

There is still not enough data available to fully assess the risks from a significant part of the shadow banking sector, according to the European Systemic Risk Board.

“Significant data gaps prevent a comprehensive risk assessment” of “other financial institutions”,” the ESRB said as it published its third annual shadow banking monitor on September 10. The monitor is based on all available data on the shadow banking sector up to the end of 2017.

The European shadow banking sector does not appe