Growth of shadow banks slowed in 2018 – FSB
After piling up billions upon billions of assets between 2012 and 2017, the expansion of non-banks slowed to a crawl in 2018.
The Financial Stability Board’s latest global monitoring report on the sector found that non-banks – narrowly defined to cover financial institutions that supply credit and pose bank-like financial stability risks – grew just 1.7% in 2018 to $50.9 trillion. This compares to an average growth rate of 8.5% in 2012–17.
These non-banks accounted for 13.6% of global
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