Non-bank growth pushes global financial assets to new peak

Riskiest forms of shadow banking are growing faster than other areas of finance, FSB data shows

Bank for International Settlements, Basel
Photo: BIS

Global financial assets hit a new peak at the end of 2021, driven by the growth of the non-bank sector and particularly the riskiest forms of ‘shadow banking’.

The Financial Stability Board’s annual non-bank monitoring report, published today (December 20), showed total global financial assets hit $486.6 trillion at the end of last year, a rise of 7.7%. The change was “mainly driven” by growth in non-bank financial intermediation (NBFI), the FSB said.

After briefly retreating in 2020, NBFI

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.