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Financial Stability Board Should Rethink Its Agenda on Non-Bank Financial Intermediation

Reynolds Holding

Swing Pricing Is Not the Panacea in All Jurisdictions An example of the FSB’s heading in the wrong direction appears in its recent Assessment of the 2017 Recommendations on Liquidity Mismatch in Open-Ended Funds. 2] It is also clear that major structural changes have negatively affected liquidity in key markets over recent years.

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Data Update 8 for 2025: Debt, Taxes and Default - An Unholy Trifecta!

Musings on Markets

Measuring the Debt Burden With that tradeoff in place, we are ready to examine how it played out in 2024, by looking at how much companies around the world borrowed to fund their operations. With state and local taxes added on, the US, at the start of 2025, had a marginal corporate tax rate of 25%, almost perfectly in line with a global norm.

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