Global shadow banking grew by US$1.6 trillion last year, according to the Financial Stability Board. Photo: Bloomberg

Shadow banking risks shift from US towards China, FSB report says

As off-balance-sheet lending cooled last year in the United States, emerging economies such as China made up the difference in loosely regulated finance

Topic |   Banking & Finance

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Global shadow banking grew by US$1.6 trillion last year, according to the Financial Stability Board. Photo: Bloomberg
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