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Komfie Manalo, Opalesque Asia: The global shadow banking grew by $5tln in 2013 to reach $75tln, according
to the Financial Stability Board’s (FSB) fourth annual Global Shadow Banking Monitoring Report. The report
presents data from 25 jurisdictions and the euro area as a whole, covering
about 80% of global GDP and 90% of global financial system assets.
The broadest measure, referred to as the Monitoring Universe of Non-Bank
Financial Intermediation (MUNFI), is based on the financial assets of
Other Financial Intermediaries (OFIs) and captures all non-bank financial
intermediation where shadow banking-related risks to the financial system
might potentially arise.
FSB chairman Mark Carney said, "The system-wide monitoring of shadow
banking is a core element of the FSB's work to strengthen the oversight
and regulation of shadow banking in order to transform it into a
transparent, resilient, sustainable source of market-based financing for
real economies. To this end, the FSB launched in 2011 the shadow banking
annual monitoring exercise, which aims to identify and measure potential
sources of systemic risks beyond the current bounds of prudential
regulation. The progressive refinements of this exercise have sharpened
the risk monitoring capabilities not only of the FSB but also of national
and regional authorities."
Global Non-Bank Financial Intermediated Assets reach...................... To view our full article Click here
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