FSB calls for policies to address non-bank risk

Quarles_PA_575x375_16November2020
By Jasper Cox
17 Nov 2020

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.

"The March turmoil has underscored the need to strengthen the resilience of non-bank financial intermediation," said FSB chair Randal Quarles in a media briefing.

Non-bank financial intermediation covers activities carried out by the likes of investment funds, insurers and pension funds.

The FSB released a report on the ...

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