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Shadow banking reached $36 tn last year: FSB
short by Shankar Venkatraman / on Saturday, 14 November, 2015
According to Financial Stability Board, shadow banking industry–which includes firms which are not subject to regulatory oversight like hedge funds– jumped $1.1 trillion to $36 trillion last year in the 26 participating countries. Under the old definition which included equity investment funds and funds that don’t use debt to improve their Bottom Line, the industry reached $68 trillion last year.
read more at Bloomberg