Trend · rank 82 of 250

Non-bank finance growth

Private credit funds, hedge funds and other lenders outside the banking perimeter are taking a growing share of lending, widening funding sources while moving risk to institutions with less disclosure and supervision.

Financial StrengthMoney & debtdebt financeinstitutions

Second pass: Carried forward from the first pass unchanged. Held by all three panel models.

Sensitivity and network position

Rank
82of 250
Sensitivity
7.5rank 164
Breadth
1of 20 scenarios High or above
PageRank
54.3rank 31
Eigenvector
20.3
Betweenness
9.8
Links
18trends at Moderate similarity or above
Composite
26.0

Attention over three years

How much this trend is read about on Wikipedia and searched for on Google, week by week, set against the typical trend in the list so that what moves every trend at once is taken out. 100 is this trend's own three-year average. The score measures public attention, which is not the same as the strength of the force: a trend can deepen unnoticed, and a news event can lift attention for a fortnight.

Now
115
Over a year
+9%Steady
Over three years
+35%
Peak
1868 Mar 2026
Sources
Bothagreement 0.21
Coverage
10languages · 48 nations

Trailing 4-week average. 100 is this trend’s three-year average.

By language

Wikipedia reading in each language edition where the trend’s pages are read enough to measure (10 of 28). Share is of all the readers counted.

LanguageShareNowOver a yearThree years
English65%90−16%
German7%103−0%
Japanese6%70−20%
Chinese6%86+9%
Russian6%92+12%
French3%97−7%
Italian2%76−23%
Spanish2%90−3%
Polish2%122+19%
Portuguese1%45−39%

By country

Google search interest over the three years, as a share of each country’s searching. 100 is the nation where interest is highest. The search terms are English, which favours countries that search in English.

Singapore

United States

United Kingdom

South Korea

Australia

Malaysia

Canada

India

United Arab Emirates

Netherlands

Ireland

Switzerland

100

50

48

45

35

35

30

27

26

22

21

20

The 12 highest of 48 nations with a reading.

By region and G20 member

Attention to this trend inside each place, from Google searches made in its countries and Wikipedia reading in the languages mostly read there, averaged where both exist. Each line compares the trend with its own past in that place; the lines do not compare places.

Regions

PlaceRead fromNow90 days1 year3 yearsThree years
North AmericaGoogle in 2 countries + Wikipedia in English108−9%−2%+35%
EuropeGoogle in 5 countries + Wikipedia in German, French, Italian, Polish111−18%+25%+28%
Indo-PacificGoogle in 8 countries + Wikipedia in Japanese, Chinese106−11%+37%+13%
South AsiaGoogle in 1 country112+11%−3%+50%
Gulf and Middle EastGoogle in 1 country155−11%+42%+1060%
AfricaGoogle in 1 country117−6%+17%+32%
Latin America and CaribbeanGoogle in 1 country + Wikipedia in Spanish, Portuguese113−26%+86%+60%
Russia and EurasiaWikipedia in Russian92+18%+12%−16%

G20 members

PlaceRead fromNow90 days1 year3 yearsThree years
AustraliaGoogle202+29%+115%+300%
BrazilGoogle + Wikipedia in Portuguese101−30%+81%+50%
CanadaGoogle125−10%+21%+59%
FranceGoogle + Wikipedia in French108−28%+13%+57%
GermanyGoogle + Wikipedia in German117−7%+32%+30%
IndiaGoogle112+11%−3%+50%
IndonesiaGoogle71−41%+102%+56%
ItalyGoogle + Wikipedia in Italian107−24%+49%+16%
JapanGoogle + Wikipedia in Japanese85−37%+0%−7%
South KoreaGoogle120−13%+55%+70%
RussiaWikipedia in Russian92+18%+12%−16%
South AfricaGoogle117−6%+17%+32%
United KingdomGoogle120−26%+18%+47%
United StatesGoogle + Wikipedia in English108−5%−3%+35%

Relation to each scenario

A trend relates to a scenario when it changes how likely the scenario is, how hard it lands, or is itself sharply changed by it. Each score is the median of three scores given separately by the members of the model panel.

RelationScenarioFamily
5 · Very highA global funding seizure reaches sovereign balance sheets S02Economic and trade
3 · ModerateA creditor agreement releases fiscal capacity S11 ↗Economic and trade
1 · Very lowA cross-regional market access compact redirects investment S12 ↗Economic and trade
0 · Not relatedCritical trade divides into rival blocs S01Economic and trade
0 · Not relatedA regional war closes a globally important sea route S03Geopolitical and security
0 · Not relatedHybrid coercion ends in an infrastructure blackout S04Geopolitical and security
0 · Not relatedA disputed transfer of power breaks effective government S05Geopolitical and security
0 · Not relatedTwo breadbasket failures trigger a food availability crisis S06Energy, climate and resources
0 · Not relatedA major disaster disables the national economic core S07Energy, climate and resources
0 · Not relatedAn AI deployment step causes abrupt labour displacement S08Technology and infrastructure
0 · Not relatedA cryptographic breakthrough invalidates digital trust S09Technology and infrastructure
0 · Not relatedA novel respiratory pathogen exceeds health surge capacity S10Health
0 · Not relatedA great-power agreement lowers economic security barriers S13 ↗Geopolitical and security
0 · Not relatedA verified Middle East settlement restores access S14 ↗Geopolitical and security
0 · Not relatedCheap firm clean power becomes available at scale S15 ↗Energy, climate and resources
0 · Not relatedA validated farming package raises water-efficient output S16 ↗Energy, climate and resources
0 · Not relatedAI-directed research produces a reproducible discovery step S17 ↗Technology and infrastructure
0 · Not relatedA public service platform reaches inclusive operation S18 ↗Technology and infrastructure
0 · Not relatedAffordable preventive treatments reduce chronic illness S19 ↗Health
0 · Not relatedA live outbreak proves rapid distributed pandemic defence S20 ↗Health

Similarity = 0.3 × shared tags (Jaccard) + 0.3 × likeness of scenario profiles (cosine) + 0.3 × likeness of names and descriptions (TF-IDF cosine) + 0.1 if in the same capability domain, cut into seven levels at 0.12, 0.22, 0.33, 0.45, 0.58, 0.72. Shown at Moderate and above.

SimilarityTrendThemeRank
5 · Very highDomestic capital market deepeningMoney & debt55
5 · Very highBank funding & deposit mobilityMoney & debt101
4 · HighSovereign debt & interest burdenMoney & debt12
4 · HighCentral bank independence under pressureState capacity & governance64
4 · HighSovereign creditor fragmentationMoney & debt88
4 · HighCommercial property repricingMoney & debt217
3 · ModerateFiscal rules & budget credibilityState capacity & governance17
3 · ModerateIllicit finance & beneficial ownershipState capacity & governance20
3 · ModerateSlow growth & fiscal spaceMoney & debt22
3 · ModerateConcessional finance scarcityMoney & debt32
3 · ModerateTax base erosion & coordinationMoney & debt41
3 · ModerateDollar dependence & payment fragmentationMoney & debt45
3 · ModerateExternal liquidity buffer requirementsMoney & debt46
3 · ModerateDevelopment finance as influenceDiplomacy & influence63
3 · ModerateStablecoins & digital currenciesMoney & debt134
3 · ModerateHousehold debt & housing affordabilityMoney & debt156
3 · ModerateStretched asset valuationsMoney & debt157
3 · ModerateTrade finance & correspondent banking gapsMoney & debt200