Browsing: Shadow banking

Economy

Bank-like activity by nonbanks that poses financial stability risks grew by 11.1% to total $57.1 trillion in 2019, according to the Basel, Switzerland-based Financial Stability Board today—a return to the decade-long trend line of growth after a slower rate of increase in 2018.

Newsbytes

The turmoil observed in global financial markets earlier this spring during the COVID-19 pandemic highlighted the need to “strengthen the resilience in the [nonbank financial intermediation] sector,” according to a new report from the Financial Stability Board today.