The shadow banking system is estimated at roughly 25-30% of the global financial system ($250 trillion, excluding derivatives) and at half of total global banking assets. This represents a huge regulatory “black hole” at the center of the global financial system, hitherto not closely monitored for monetary and financial stability purposes.
据估计，影子银行大约占全球银行体系（250万亿美元，不包括衍生品）的25—30%，占全球银行资产的一半。这显示全球金融体系的核心区域存在巨大的监管“黑洞”，迄今都没有以货币和金融稳定性为出发点进行密切监控。这一点有多重要？分析一下结构性投资实体（SIV）和货币市场基金在2008年崩盘中所起的作用就知道了。