Non-banks in focus as G20 leaders meet in Bali

Klaas Knot
Klaas Knot
Photo: DNB

The Financial Stability Board is urging G20 leaders to back reforms to non-bank financial intermediation (NBFI), a key global vulnerability, when they meet in Bali later this week.

Klaas Knot, FSB chair and governor of the Netherlands Bank, presented leaders with a proposal to repurpose existing tools to target NBFI vulnerabilities.

So far, the FSB has primarily focused on addressing liquidity mismatches, which played a leading role in the March 2020 market stresses, as well as margining

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