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Global Finance: Shadow banking: the future of banking?


Tiziana Barghini looks at the alternative finance market and reasons for its exponential growth. According to a study by the new Cambridge Centre for Alternative Finance at University of Cambridge Judge Business School, the European alternative finance market grew 144 per cent last year to €2,957 million. Robert Wardrop, director of the Centre, said several factors such as low interest rates and significant loss of trust in financial institutions are driving growth in the alternative finance market.

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