Financial Stability Board Should Rethink Its Agenda on Non-Bank Financial Intermediation
Reynolds Holding
MARCH 16, 2023
Non-bank financial intermediation (NFBI) – encompassing a broad range of capital sources, including broker-dealers, private funds, and open-end funds (OEFs) – is vital for the financing of the real economy, serving as a critical complement to the traditional banking sector. that may pose bank-like financial stability risks.” [7]
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