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Shadow banking is now a $52 trillion industry?
What could possibly go wrong? The Regulators have learned their mistakes and would never allow side bets at the casino roulette wheel again would they?
serf
https://www.cnbc.com/2019/04/11/shadow-banking-is-now-a-52-trillion-industry-and-posing-risks.html
Often called ?shadow banking? ? a term the industry does not embrace ? these institutions helped fuel the crisis by providing lending to underqualified borrowers and by financing some of the exotic investment instruments that collapsed when subprime mortgages fell apart.
The companies face less regulation than traditional banks and thus have been associated with higher levels of risk.
In the years since the crisis, global shadow banks have seen their assets grow to $52 trillion, a 75% jump from the level in 2010, the year after the crisis ended. The asset level is through 2017, according to bond ratings agency DBRS, citing data from the Financial Stability Board.
serf
https://www.cnbc.com/2019/04/11/shadow-banking-is-now-a-52-trillion-industry-and-posing-risks.html
Often called ?shadow banking? ? a term the industry does not embrace ? these institutions helped fuel the crisis by providing lending to underqualified borrowers and by financing some of the exotic investment instruments that collapsed when subprime mortgages fell apart.
The companies face less regulation than traditional banks and thus have been associated with higher levels of risk.
In the years since the crisis, global shadow banks have seen their assets grow to $52 trillion, a 75% jump from the level in 2010, the year after the crisis ended. The asset level is through 2017, according to bond ratings agency DBRS, citing data from the Financial Stability Board.