The Financial Stability Board (FSB) has released its fourth annual Global Shadow Banking Monitoring report, revealing that the shadow bank activities increased by $5 trillion from 2012 to 2013, reaching $75 trillion. That means that shadow banking assets, at least by one measure, make up a quarter of total financial assets, half of banking assets, and are equal to 120% of global GDP.
EM playing catch-up on shadow...
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