•  More particularly, the share of the nonbanking sector in the intermediation of international credit has risen substantially after the crisis. The case of the asset management industry deserves especial attention, given the risks for financial stability it raises. While this industry renders a number of advantages, at the same  2  2  See IMF, Global Financial Stability Report, October 2014.
Financial and Economic Developments  Business Fixed Investment Research and Development Investment  Software Investment 400 FY 2005=100 Construction  155 150  Firms' plans  350  Retailing  300  Accommodations, eating & drinking services All industries  145 140 135  FY 2012=100  12  s.a., ann., tril.