Shadow banking grows to more than $45tn assets globally

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Share on LinkedIn (opens new window) Mail Save Save to myFT Caroline Binham in London 10 HOURS AGO 8 “Shadow banking” grew by nearly 8 per cent globally to more than $45tn on a conservative measure after international rulemakers were able to include detailed data from China and Luxembourg for the first time.

Shadow banking — the parts of the financial system that perform banklike functions such as lending but do not have the same safeguards — accounted for 13 per cent of total global financial assets, according to the Financial Stability Board, the international group of policymakers and regulators that makes recommendations to the G20.

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