Debt Ceiling

Shadow banking sector worth $45 tn in 2016: regulators

The global non-bank or “shadow” financial sector was estimated to be worth some $45.2 trillion at the end of 2016, marking a clear hike from a year earlier, financial regulators said Monday. In a report, the Financial Stability Board (FSB) said shadow banking activities across 29 jurisdictions, which together represent more than 80 percent of global…

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