The Financial Stability Board (FSB) was created at the G20 summit in April 2009, the time the world financial crisis was in full swing. By the end of 2012 it issued its Global Shadow Banking Monitoring Report, assessing the information on the activities of banks and other financial bodies in 2011 1. The global shadow banking system grew to $67 trillion, a figure comparable to the same year’s global GNP. It strikes imagination and drastically changes the whole vision of the world economy…