The global financial crisis demonstrated that the shadow banking system can be a source of systemic risk.
The failure of a number of institutions during the crisis sparked the transmission of risks through the financial system and ultimately disrupted the intermediation of funds in a number of economies. Today, there is greater recognition of the need for appropriate monitoring and regulatory frameworks for the shadow banking system to mitigate potential risks. This survey report also features country-level practices in monitoring and addressing risks emanating from shadow banking, drawing on case studies by AFI member institutions on proportionality in practice. Download the survey report
for more insights.