Market turbulence in the NBFI sector

The Regional Consultative Group (RCG) Europe of the FSB held a virtual meeting on November 4 on financial stability in the era of COVID-19.

Agenda items included the resilience of banks to ensure lending to the real economy and weaknesses in the intermediation of non-banking financial activities in the context of liquidity imbalances, leverage and interdependencies. 

The FSB intends to present a holistic review of the turbulence that shook financial markets in March 2020 and focused on the vulnerabilities of the NFBI sector.

The entire FSB statement can be found here.