This report presents the results from the fifth non-bank financial intermediation (NBFI) monitoring exercise in the Americas published by the FSB Regional Consultative Group (RCG) for the Americas. The aim of this monitoring exercise is to assess the size, structure and trends of the NBFI sector in the region. This information is crucial in order to identify potential risks to financial stability at the jurisdiction level, as well as those arising from potential cross-border linkages.

The report concludes that total regional NBFI assets, reached over $127trn at end-2018, experiencing only minimal growth of 0.15% during 2018, which contrasts with an annualised growth of 5.6% for the period between 2012 and 2017.

The narrow measure, which is NBFI activities that may pose bank-like financial stability risks, reached $22.9trn at end-2018, up from $22.1trn at end-2017.

This document has been prepared by the FSB RCG for the Americas and is being published to disseminate information to the public. The views expressed in the document are those of the RCG for the Americas and do not necessarily reflect those of the FSB.

The FSB’s Global Monitoring Report on Non-Bank Financial Intermediation 2019 sets out more details for NBFI activities across the FSB’s membership.