Assets held by risky non-banks grew to record high in 2023 – FSB
Surging asset prices caused sector to grow more than twice as fast as banks
The segment of non-bank financial intermediaries (NBFIs) exposed to “bank-like” risks grew by nearly 10% in 2023, hitting a record high, the Financial Stability Board has said.
Its annual monitoring report, published today (December 16), highlights how the “narrow measure” of assets held by firms with large liquidity mismatches or high leverage rose by 9.8% last year. The value of assets in the wider NBFI sector grew by 8.5% – more than twice as fast as the banking sector, where there was an
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