Summary of document history
On 18 December 2024, the FSB published a consultation report on Leverage in Nonbank Financial Intermediation. The objective of the consultation was to gather stakeholder feedback on the proposed recommendations to address financial stability risks arising from leverage in nonbank financial intermediation.
The FSB received 36 responses to the consultation, which ended on 28 February 2025. The majority of responses came from asset managers and capital market and other financial market associations mainly based in the United States and Europe.
This note summarises the feedback received on the consultation report and sets out the main changes made to the final report in order to address them.
