Non-banks drive rebound in cross-border banking – BIS
First-quarter statistics show non-banks helped drive a turnaround of cross-border banking flows
International banking flows rebounded in the first quarter of 2017, having been in retreat for much of 2016, according to the latest cross-border banking statistics from the Bank for International Settlements (BIS).
Overall claims rose $427 billion in Q1, an increase of 2% year-on-year. The rebound was driven in large part by non-banks, with claims on non-bank financial institutions proving particularly strong, up $218 billion over the quarter and 8% year-on-year. Banks’ claims on non-banks now
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