Shadow Banking Grows to $71 Trillion Industry, Regulators Say
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The shadow banking industry grew to about $71 trillion, an increase of $5 trillion in 2012, even as it shrank in the U.K. and the Eurozone, the Financial Stability Board said.
The U.S. share of the shadow banking system, which includes money market funds and off-balance sheet investment vehicles, grew 2 percent to 37 percent, the Basel, Switzerland-based FSB said in a report on its website yesterday. Activity in the U.K. and Eurozone decreased 4 percent to a 43 percent share.