Central banks in high income countries less likely to want NBFI reform
But many central banks in middle income nations want regulatory changes
Central banks’ views on whether authorities need to update the regulations governing non-bank financial institutions (NBFIs) change markedly according to national income.
Central Banking asks institutions responding to the Financial Stability Benchmarks 2023 whether their countries need to change the legal framework for NBFIs. Of the 25 central banks responding, a majority of 14 (56%) say no, while 11 (44%) say yes.
But there are clear differences between the responses from central banks in
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