Ben Moshinsky and Jim Brunsden write:
The size [$67 trillion] of the shadow banking system, which includes the activities of money market funds, monoline insurers and off- balance sheet investment vehicles, “can create systemic risks” and “amplify market reactions when market liquidity is scarce,” the Financial Stability Board said in a report, which utilized more data than last year’s probe into the sector……
via Shadow Banking Grows to $67 Trillion Industry, Regulators Say – Bloomberg.