The Financial Stability Board invites submissions of papers for a conference on systemic risks in non-bank financial intermediation (NBFI) and policies to address them.

The conference, which will take place in June 2022, will contribute to the FSB’s work to develop a systemic approach to NBFI. It will feature presentations of analytical work and research that advances the understanding of systemic risks in NBFI and specific policies and approaches that may be used to address them.

Key areas of interest include:

  • How to measure interconnectedness (and the potential for the propagation of market stress) within the NBFI sector as well as with banks and the real economy;

  • The drivers of liquidity imbalances in bond markets (demand and supply sides) and their implications for systemic risk;

  • Data and analytical tools to enhance NBFI risk assessment and monitoring, including tools to analyse the behaviour of complex systems (e.g. network theory);

  • The effects and policy implications of the extraordinary interventions by central banks and other authorities to stabilise financial markets during the March 2020 turmoil; and

  • Policy tools and approaches that can be used by non-bank financial institutions and regulatory authorities to address systemic risk.

Papers should be submitted to by 31 March 2022.