
Quarles: policy-makers have ‘work to do’ on non-bank fragilities

The Financial Stability Board is set to highlight areas of the non-bank financial sector where policy action may be needed, FSB chair Randal Quarles said on October 20.
The global body has been conducting a “holistic review” of the market stresses during March as a result of Covid-19, and has identified areas where non-banks likely amplified the shock.
Quarles told a securities market conference that the “Covid event” had revealed a banking sector that stood up “quite well” to the shock with
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