FSB: Shadow Banking Grows to $67 Trillion
The Financial Stability Board (FSB) published its second annual Global Shadow Banking Monitoring Report. The 2012 Monitoring Report has broadened its coverage to include 25 jurisdictions (all 24 FSB member jurisdictions and Chile), compared with 11 jurisdictions in 2011, and includes analyses on interconnectedness between banks and non-bank financial entities as well as on a specific non-bank financial subsector, namely finance companies.
The main findings are:
The FSB plans to complement the monitoring exercise next year by obtaining more granular data on assets and liabilities as well as expanding activity-based and risk-based monitoring. Enhanced data reporting and disclosure requirements as recommended in the FSB’s consultative documents published will be essential to provide the necessary basis for such an enriched monitoring.
To read the full FSB press, click here.