disintermediation; moving away from banks
Economic term for the trend of depositors and borrowers bypassing traditional banks in favor of direct financing, non-bank lenders, or capital markets.
It is said that when low interest rates persist, disintermediation advances.
Due to companies moving away from banks, corporate bond issuance is increasing.
More specific term for moving away from banks, while 金融機関離れ covers a broader range of financial institutions.
Compound of 金融機関 (financial institution) and 離れ (separation, moving away from).