https://wiki.treasurers.org/w/index.php?action=history&feed=atom&title=Non-bank_financial_institution 2026-05-25T20:43:33Z Revision history for this page on the wiki MediaWiki 1.40.0 https://wiki.treasurers.org/w/index.php?title=Non-bank_financial_institution&diff=56765&oldid=prev 2024-08-27T02:20:21Z

<p>Create page - source - IMF - https://www.imf.org/en/Publications/WP/Issues/2023/09/29/Putting-Out-the-NBFIRE-Lessons-from-the-UK-s-Liability-Driven-Investment-LDI-Crisis-539683</p> <p><b>New page</b></p><div>''Financial markets - intermediation - regulation.''<br /> <br /> (NBFI).<br /> <br /> A non-bank financial institution is an organisation such as a pension fund that engages in certain important activities that are similar to banks, but is not regulated as a bank.<br /> <br /> <br /> :&lt;span style=&quot;color:#4B0082&quot;&gt;'''''NBFIs pose multiple systemic risks'''''&lt;/span&gt;<br /> <br /> :&quot;The NBFI sector comprises a vast set of financial intermediaries that are not banks, central banks, or public financial institutions. <br /> <br /> :NBFIs are a heterogeneous group of institutions including insurers, pension funds, various types of investment funds, finance companies, broker-dealers, and central counterparties (CCPs). <br /> <br /> <br /> :While sometimes engaging in activities similar to banks, NBFIs are not deposit takers and are thus not subject to similar regulation or supervision as banks. <br /> <br /> :Accordingly, NBFIs generally also do not have access to central bank backstops. <br /> <br /> <br /> :Given the different business models of various NBFIs, they pose different kinds of systemic risk. <br /> <br /> :The Financial Stability Board (FSB), for instance, identifies a subset of NBFIs (called the “narrow measure”) that the authorities have assessed to be involved in credit intermediation activities – i.e., maturity/liquidity transformation, leverage or imperfect credit risk transfer, and/or regulatory arbitrage – and may pose bank-like financial stability risks.&quot;<br /> <br /> :''Putting Out the NBFire: Lessons from the UK’s Liability-Driven Investment (LDI) Crisis - IMF working paper - Prepared by Ruo Chen and Esti Kemp - September 2023.''<br /> <br /> <br /> == See also ==<br /> * [[Bank]]<br /> * [[Central bank]]<br /> * [[Central counterparty]] (CCP)<br /> * [[Contagion]]<br /> * [[eurozone crisis]]<br /> * [[Financial stability]]<br /> * [[Financial Stability Board]] (FSB)<br /> * [[Global Financial Crisis]]<br /> * [[Intermediary]]<br /> * [[International Monetary Fund]] (IMF)<br /> * [[Investment fund]]<br /> * [[Leverage]]<br /> * [[Liability driven investment]] (LDI)<br /> * [[Pension fund]]<br /> * [[Recapitalise]]<br /> * [[Supervision]]<br /> * [[Systemic risk]]<br /> * [[UK LDI crisis]]<br /> <br /> <br /> ==Other resource==<br /> *[https://www.imf.org/en/Publications/WP/Issues/2023/09/29/Putting-Out-the-NBFIRE-Lessons-from-the-UK-s-Liability-Driven-Investment-LDI-Crisis-539683 Putting Out the NBFire: Lessons from the UK’s Liability-Driven Investment (LDI) Crisis - IMF working paper - Prepared by Ruo Chen and Esti Kemp - September 2023]<br /> <br /> [[Category:Accounting,_tax_and_regulation]]<br /> [[Category:Financial_products_and_markets]]<br /> [[Category:The_business_context]]<br /> <br /> [[Category:Accounting,_tax_and_regulation]]<br /> [[Category:Financial_products_and_markets]]<br /> [[Category:The_business_context]]</div>

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