Shadow banking breaks through the $25 trillion mark, FSB focuses on the lack of data on private credit lending.

The latest data from the Financial Stability Board (FSB) shows that the global assets of the vast shadow banking system have surpassed the $25 trillion mark for the first time, increasing concerns about the growing systemic risks that may arise from the less regulated areas of the financial system. According to FSB's annual Global Monitoring Report, by the end of 2024, the total assets of non-bank financial institutions reached a record $256.8 trillion, an increase of 9.4% compared to the previous year. They currently account for 51% of total financial assets, which is roughly the same as before the pandemic.