Skip to comments.EU shadow banking assets worth €17 trillion ($22 trillion)
Posted on 11/20/2012 11:58:17 AM PST by Olog-hai
The eurozone has the worlds 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 ...