The volume of the shadow banking sector in the world grew 7.6 percent to $45.2 trillion in 2016. It represents 13 percent of total financial system assets in 29 countries and territories jurisdictions surveyed by the Financial Stability Board.
The U.S. accounts for 31% of the assets of the shadow financial system, China - 16%, the Cayman Islands - 10%, Japan – 6%.
Non-bank financing is a valuable alternative to bank financing and helps support the activity of a real economy, the FSB said. However, taking into account the experience of the previous financial crisis, the council comes to the conclusion that the growth of shadow banking can lead to new risks.