WASHINGTON, D.C.: Lightly regulated “shadow banking” has grown to huge proportions in the global financial system and increasingly poses a risk to stability, especially in the United States, the International Monetary Fund (IMF) said on Wednesday (Thursday in Manila).
More than $70 trillion in assets are handled by shadow banks around the world, Gaston Gelos, chief of the Global Financial Analysis Division at the IMF, told journalists in a briefing.
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