Australian banks can expect the equivalent of US$166 billion in new corporate financing business to be fulfilled by the debt capital market over the next five years, Standard & Poor's conclude in a new study.S&P projected that "bank intermediation" will be overtaken, in part, by "financial deepening [such as] increased debt and equity issuance, with non-traditional lenders taking up the mantle of corporate financing."The ratings agency expects Australasian banks to shed 11 percentage points of market share, leaving it at 76 per cent of corporate financing needs.S&P see a bright future for loan demand."We believe global bank disintermediation would increase at a brisk pace. "In the short term, the banking disintermediation trend will be compounded in the developed world by the fact that many banks will still be catching up to new higher minimum regulatory capital requirements."