FSB calls for policies to address non-bank risk

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FSB calls for policies to address non-bank risk

Quarles_PA_575x375_16November2020
Randal Quarles, founder and head of The Cynosure Group, a private investment firm, testifies before the United States Senate Committee on Banking, Housing, and Urban Affairs on his nomination to be a Member of the Board of Governors of the Federal Reserve System, to be a Member of the Board of Governors of the Federal Reserve System (Reappointment), and to be Vice Chairman for Supervision of the Board of Governors of the Federal Reserve System. Previously Quarrels served as Under Secretary of the Treasury for Domestic Finance in the George W. Bush Administration. · NO WIRE SERVICE · Photo: Ron Sachs/Consolidated/dpa | Ron Sachs/DPA/PA Images

The Financial Stability Board has said that it will look at policies to address systemic risk when it comes to financial intermediation involving non-banks, as it seeks to learn lessons from the market meltdown at the cusp of the coronavirus crisis in March.

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