/ world today news/ The volume of the banking sector in the world in 2011 reached 67 trillion dollars. This is stated in a report of the Council on Financial Stability, the expert structure created at the G-20 meeting in 2009 to assess global financial risks.
The “shadow” banking sector refers to all financial structures engaged in credit and investment activities without banking licenses and therefore not subject to banking supervision.
Hedge funds, a significant portion of investment funds, and even individuals engaged in stock trading fall into this category.
The council claims that the development of a full-fledged control system for this segment of the financial system is necessary to combat the global financial crises.
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