The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

By Stephen Gandel

NEW YORK, May 13 (Reuters Breakingviews) - Watchdogs are scrutinizing the ties between increasingly stressed shadow lenders and traditional institutions. FDIC data show the six biggest US banks’ exposure rising to $360 bln. Financiers counter with their own lower figures. The danger is that the real picture gets muddled.

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CONTEXT NEWS

Regulations that came into effect in 2025 now require regulated U.S. banks to disclose lending to non-depository financial firms by category, including business credit providers, mortgage lenders, consumer finance companies and private credit firms. The latest round of these call reports was due on May 5.