Αssets managed by funds..broadly doubled..decade to 2012 to more than US$60 trillion, ~ 90% of global GDP
Αρχίσαμε να ανησυχούμε λίγο και επίσημα για την παγκόσμια φούσκα ; ή μου φαίνεται. Τάδεέφηο ……Sir Jon Cunliffe, Deputy Governor Financial Stability, Member of the Monetary Policy Committee, Member of the Financial Policy Committee, Member of the Prudential Regulatory Authority Board
At the Financial Reporting Council annual conference, London
Thursday 17 July 201
The role of the leverage ratio and the need to monitor risks outside the regulated banking sector Globally, the non bank financial sector stands at more than US$70 trillion, roughly equivalent to global GDP.
Within that, assets managed by investment funds and on behalf of non bank financial clients like insurance groups and pension funds broadly doubled over the decade to 2012 to more than US$60 trillion, approaching 90% of global GDP.
They are now equal to 70% of the commercial banking system. And management of these assets has become increasingly concentrated. Five firms now manage around US$13 trillion of assets, roughly one fifth of the total. It is not surprising that this has drawn the attention of commentators and regulators worldwide.