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Non-bank risks should be ‘closely monitored,’ FSB says

( June 28, 2020, 19:01 GMT | Official Statement) -- MLex Summary: Risks posed by non-bank financial institutions, such as asset managers or hedge funds, should “continue to be closely monitored,” the Financial Stability Board said today. In a report on post-crisis reforms, the FSB said non-banks have picked up market share, with some risks moving outside the banking system. While that could lead to a diversification of funding sources, it could also pose financial instability risks, the standard setter warned.The report is attached....

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