Key Charts - Non-Bank Financial Intermediaries
Non-Bank Financial Intermediaries Playing a Larger Role in the Global Economy
- Non-bank financial intermediaries have been playing a larger role in filling the funding gap as many large banks retrenched after the financial crisis. Since 2008, growth in assets of non-bank financial intermediaries has surpassed those of banks.
- As is evident from the chart, since 2008 non-bank financial intermediaries have had greater growth in assets in 2009, 2010, and 2012 as compared to banks. A caveat though - banks have a larger asset base than non-bank financial intermediaries.
- The world's biggest asset manager, U.S.-based BlackRock, which has $4 trillion under management, is now larger than the world's biggest bank, the Industrial and Commercial Bank of China, with assets of $3 trillion.
 Source: Shadow and Substance, The Economist, May 10, 2014.
Sources: Financial Stability Board, Global Shadow Banking Monitoring Report 2013.
Notes: Data include 20 jurisdictions and Euro area. Non-bank financial intermediaries include insurance companies, pension funds, public financial institutions, and other entities.