Financial intermediaries must be kept in check to avoid a repeat of the 2020 turmoil

//Financial intermediaries must be kept in check to avoid a repeat of the 2020 turmoil

Financial intermediaries must be kept in check to avoid a repeat of the 2020 turmoil

Investment funds and asset managers are playing an ever more crucial role in the financial system. They provide funding in areas that traditional banks do not cover, manage and share risks, and enhance innovation and economic growth.Lightly regulated from a prudential perspective – historically reflecting the fact that they do not take deposits – these nonbank financial intermediaries (NBFIs) have become tightly intertwined with the rest of the financial system. When things go wrong, their…

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By | 2021-12-06T07:15:16+00:00 December 6th, 2021|Business|Comments Off on Financial intermediaries must be kept in check to avoid a repeat of the 2020 turmoil