The booming non-bank financial industry has created excessive leverage that poses financial stability risks and more reforms are needed to tackle it, including improving disclosure of positions, a Bank of England regulator said on Thursday.
Non-bank financial institutions (NBFIs), including hedge funds, private credit providers and insurers, have become increasingly important.
They accounted for $218 trillion, or just under half, of the world’s financial assets in 2022, according to the G20’s Financial Stability Board.
Source: REUTER
