Andrew Bailey reaffirms the FSB’s commitment to supporting G20 countries in responding to a high pace of change in the global financial system.
Nonbank Financial Intermediation
20 November 2025
19 November 2025
FSB members met in Riyadh and discussed vulnerabilities in the global financial system and agreed the FSB work programme for 2026.
Central Bank of the Republic of Türkiye hosts FSB MENA group in Istanbul.
Opening remarks, provided by FSB Secretary General, John Schindler, at the Program on International Financial Systems (PIFS) and FSB seminar on Leverage in the Nonbank Financial Intermediation (NBFI) Sector, Wednesday 1 October 2025.
1 September 2025
FSB Secretary General John Schindler discusses the rise of nonbank financial intermediation (NBFI) on the Monetary Matters podcast.
FSB Chair's speech at the launch event for the FSB's final report on leverage in NBFI, 9 July 2025.
The recommendations outline an integrated approach through which authorities should identify financial stability risks created by NBFI leverage and implement policy measures to address them.
9 July 2025
The FSB’s Nonbank Data Taskforce outlines how to address nonbank data challenges, using leveraged trading strategies in sovereign bond markets as a test case.
The FSB has delivered to the G20 its policy recommendations on NBFI leverage and a workplan addressing challenges related to nonbank data.
This document summarises the responses to the December 2024 public consultation on leverage in nonbank financial intermediation