The Financial Stability Board (FSB) published its Annual Report for 2025 in late March 2026, painting a picture of a financial system that has so far held firm against mounting pressures; but one where significant vulnerabilities lurk in the shadows, particularly in the fast-growing world of nonbank financial intermediation (NBFI).
Last week, John Schindler, Secretary General of the Financial Stability Board (FSB), addressed the Eurofi Financial Forum in Budapest, stressing the need for better data and regulatory coordination in the non-bank financial sector.
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