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EU shadow banking assets worth 17 trillion ($22 trillion)
EU Observer ^ | 19.11.12 @ 09:28 (Nov. 19) | Nikolaj Nielsen

Posted on 11/20/2012 11:58:17 AM PST by Olog-hai

The eurozone has the world’s second largest shadow banking system after the United States, with assets worth some €17.2 trillion ($22 trillion) in 2011.

“The US’ share of the global shadow banking system has declined from 44 percent in 2005 to 35 percent in 2011. This decline has been mirrored mostly by an increase in the shares of the UK and the euro area,” said the Basel, Swizterland-based Financial Stability Board (FSB) in a report released on Sunday (18 November).

The UK takes the largest share in Europe with €7 trillion ($8.96 trillion), while the US, in comparison, has €18 trillion ($26 trillion). …

(Excerpt) Read more at euobserver.com ...


TOPICS: Business/Economy; Crime/Corruption; Foreign Affairs; Government
KEYWORDS: eucurrency; eurobanking; eussr; shadowbanks

1 posted on 11/20/2012 11:58:23 AM PST by Olog-hai
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