▪️Nonbank lenders, often called “shadow banks,” now have $52 trillion in assets. That's a 75% increase since the financial crisis ended.
▪️Shadow banking fueled the financial crisis by providing lending to under-qualified borrowers and by financing some of the exotic investment instruments that collapsed when subprime mortgages fell apart.
▪️Industry officials say shadow banks still face considerable regulation and can help provide buffers in times of stress.
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