Uncertainty over size of European ‘shadow banks’ – ESRB
Central banks are improving data collection, but many details remain unclear, report says
Europe’s central banks need to update their data-gathering methods in order to gain a more accurate picture of the shadow banking sector, the European Systemic Risk Board (ESRB) says.
“Over 50% of the broad non-bank financial sector measure still cannot be classified according to the type of entity,” the ESRB says. This is the “OFI residual”, for “other financial intermediaries”, and reflects the difference between the total financial sector and the assets held by “known sub-sectors within the
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