Shadow banks muscled in on traditional lenders’ turf in 2019
NBFIs grew 8.9% last year
Non-bank financial institutions conducted more bank-like activities in 2019, with the riskiest firms growing the fastest, data from the Financial Stability Board (FSB) shows.
Overall, NBFIs increased assets by 8.9% over 2019 to $200.2 trillion, outpacing the banking sector, which grew assets 5.1% to $155.4 trillion. Of these shadow banks, those classified by the FSB as “narrow measure” NBFIs, which include all institutions that pose bank-like financial stability risks, grew 11.1% to $57.1
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