Ties between banks and non-banks at pre-crisis levels – FSB

Banks’ exposures to other financial intermediaries (OFIs) hit 5.5% at end-2017, on a par with 2002–06, but below the highs reached during the global financial crisis.

OFIs – defined by the Financial Stability Board (FSB) as all financial institutions that are not banks, insurers, pension funds, central banks, public financial institutions or financial auxiliaries – boosted their assets by 7.6% in 2017, and expanded their share of total financial assets to 30.5% from 29.9% in the previous year.