BIS calls for systemic approach to non-banks

“It is essential to reduce the need for emergency central bank support,” says report

bis-5
The BIS
Photo: Daniel Hinge

The Bank for International Settlements is calling for policy-makers to regulate non-banks at the system-wide level.

Agustín Carstens, BIS general manager, cited the “massive central bank support” undertaken in March 2020 to argue that “fundamental adjustments to the regulatory framework for NBFIs [non-bank financial intermediaries] are called for”.

The Basel-based institution’s quarterly review observed that NBFIs tend to amplify procyclical trends in the financial system. Because many NBFIs –

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.