Nonbank financial intermediation

Vulnerabilities in Government Bond-backed Repo Markets

Vulnerabilities within repo markets’ segments have the potential to spread through the financial system.

FSB warns of financial stability challenges in repo markets

Report highlights vulnerabilities within repo markets, potential contagion channels and emphasises the need to preserve their functionality during periods of stress.

FSB Work Programme for 2026

Report summarises FSB initiatives in 2026, including an indicative schedule of the FSB’s planned publications for the year.

“Sense and Sensibility” in nonbank regulation: a thoughtful approach to nonbank financial regulation

In a speech at NYU Stern School of Business, John Schindler explores whether, and how, bank-like regulations should apply to nonbanks.

FSB reports continued growth in nonbank financial intermediation in 2024 to $256.8 trillion

Annual monitoring exercise shows nonbank financial intermediation grew at double the pace of the banking sector in 2024.

Global Monitoring Report on Nonbank Financial Intermediation 2025

This year’s report presents enhanced data on nonbanks’ use of wholesale funding and finance companies’ loan assets, including mortgage loans.

FSB Chair’s letter to G20 Leaders: November 2025

Amidst a challenging outlook for growth, the FSB will work to strengthen implementation of global standards and to respond to changes in the financial system, writes Andrew Bailey.

Evolution of private credit markets and stablecoins warrant close monitoring, says FSB Chair

Andrew Bailey reaffirms the FSB’s commitment to supporting G20 countries in responding to a high pace of change in the global financial system.

FSB Plenary sets out 2026 work plan

FSB members met in Riyadh and discussed vulnerabilities in the global financial system and agreed the FSB work programme for 2026.

FSB Regional Consultative Group for Middle East and North Africa meets in Istanbul

Central Bank of the Republic of Türkiye hosts FSB MENA group in Istanbul.

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