Shadow banking hits $67 trillion globally: task forceSubmitted by emalvini on Mon, 11/19/2012 - 23:34
Shadow banking hits $67 trillion globally: task force
By John O'Donnell and Douwe Miedema
BRUSSELS/WASHINGTON | Mon Nov 19, 2012 1:56pm EST
(Reuters) - The shadow banking system - blamed for aggravating the financial crisis - grew to a new high of $67 trillion globally last year, a top regulatory group said, calling for tighter control of the sector.
A report by the Financial Stability Board (FSB) on Sunday appeared to confirm fears among policymakers that the so-called shadow banking system of non-bank intermediaries continues to harbour risks to the financial system.