The barometer of financial strength, measured by the consolidated capital adequacy ratio of the whole sector at the end of 2006, was kept at a high level of 14.7%, well above the minimum 8% required by the Basel Committee. These encouraging figures are in fact accompanied by a dramatic change in the domestic loan market landscape, particularly the syndicated loan market.
More than 80% of global shadow banking assets reside in a subset of advanced economies in North America, Asia and northern Europe. iii. The new classification by economic functions shows that credit intermediation associated with collective investment vehicles with features that make them susceptible to runs (e.g.