DBRS: Out of the Shadows – Drivers of Global Growth in FSB’s Shadow Banking
DBRS, Inc. (DBRS) published a commentary titled “DBRS: Out of the Shadows – Drivers of Global Growth in FSB’s Shadow Banking.â€DBRS sees significant risks stemming from continued growth in shadow banking globally. Assets are now at $52 trillion globally, up from $30 trillion in 2010 according to the FSB. Weaknesses in these nonbank FIs arising in their maturity intermediation, liquidity, leverage and credit transformation could result in runs that would exacerbate financial market stress. The U.S. has the largest concentration with 29% of global shadow banking assets. But, this is down from 48% in 2010, as other regions are growing faster. Fixed income funds, mixed funds, hedge funds and other collective investment vehicles are driving this shadow banking growth.
DBRS Morningstar is a global credit ratings business with 700 employees in eight offices globally. DBRS and Morningstar Credit Ratings are committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry.
Together, we are the world’s fourth largest credit ratings agency and a market leader in Canada, the U.S. and Europe in multiple asset classes. We rate more than 2,600 issuers and 54,000 securities worldwide and are driven to bring more clarity, diversity and responsiveness to the ratings process. Our approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources. For more details visit us at dbrs.com.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.