NBFIs grew twice as fast as banks in 2024, FSB finds
Annual report highlights strong growth in investment funds but flags lack of data on private credit
The non-bank sector grew twice as much as the banking sector in 2024, the Financial Stability Board has found.
In its annual flagship report on non-bank financial intermediaries (NBFIs), published on December 16, the FSB notes that the sector expanded by 9.4% in 2024 and accounted for 51% of total global financial assets. The banking sector, by contrast, grew by 4.7% over the same period.
“Other financial intermediaries” (OFIs) were the fastest-growing NBFI subsector, with 11% growth over the year
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