As NBFI sector grows, so do its risks and benefits – Knot
Former FSB chair discusses implications of sector’s increasing dominance
Although the rapid growth of the non-banking sector brings challenges for supervisors, it also comes with benefits, Klaas Knot has said.
Speaking at a conference hosted by the National Bank of Austria on October 5, the former chair of the Financial Stability Board and former president of the Netherlands Bank said non-bank financial institutions (NBFIs) now represented more than half of total global financial assets. Knot said he believed the sector might be able to absorb shocks without causing
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