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Exiting US FDIC Chair Gruenberg voices concern about non-bank financial institutions

( January 14, 2025, 21:36 GMT | Official Statement) -- MLex summary: US Federal Deposit Insurance Corp. Chair Martin Gruenberg expressed concern about the potential risks to financial stability posed by non-bank financial institutions such as hedge funds, private credit lenders and non-bank mortgage servicing companies. "New technologies, new financial products, and new kinds of financial companies are part and parcel of the evolution of the financial system that we have experienced before," he said in what might be his final public remarks before stepping down when President-elect Trump is inaugurated Jan. 20. "But we should not kid ourselves into believing that they do not present risks that need to be carefully supervised and, if necessary, regulated." Document follows:...

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