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FSB Prioritizes Nonbank Financial Intermediation, Money Market Funds And Cross-Border Payments For 2021 - Finance and Banking

To print this article, all you need is to be registered or login on Mondaq.com. Federal Reserve Board Vice Chair for Supervision Randal K. Quarles, who also serves as Chair of the Financial Stability Board ( FSB ), identified nonbank financial intermediation ( NBFI ), money market funds and cross-border payments as the FSB s priority areas for 2021. Mr. Quarles stated that NBFI prominence in the financial ecosystem has created greater interconnectedness and, therefore, a need to understand the vulnerabilities arising from risks outside of the banking system. He noted that the NBFI sector accounts for almost half of all global financial assets. Mr. Quarles referenced the FSB s Holistic Review of the March Market

Key Events This Busy Week: Powell, Stimulus And More Inflation Cues

Key Events This Busy Week: Powell, Stimulus And More Inflation Cues
zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.

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