Key Charts - Bank Regulation
BRICS Summit 2015: A New Era for Development Banks
- The BRICS came together to establish the New Development Bank (NDB) on July 21, 2015.
- The bank will be headquartered in Shanghai, China.
- The inauguration of the NDB was made less newsworthy by the opening, a few months ago, of Asian Infrastructure Investment Bank (AIIB).
Source: Individual bank balance sheets, Milken Institute