On October 30, 2015, the FSB Regional Consultative Group for the Americas issued its second report regarding shadow banking activities in the Americas. Three potential areas of importance were considered: (i) non-bank credit intermediation (via finance companies, credit card companies, etc.); (ii) non-bank deposit-taking institutions; (iii) and the nature and size of shadow banking in International Financial Centers. Some notable results from report found that: (i) banks still control a majority of financial activities in the Americas but their share of financial assets has been declining from 2008; (ii) the largest sub-sector of other financial intermediaries is investment funds; and (iii) the offshore assets of IFCs in the Americas are significant at $4.6 trillion USD.
The report is available at: http://www.financialstabilityboard.org/wp-content/uploads/Working-Group-on-Shadow-Banking-Second-Report.pdf.
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