Library

Global Monitoring Report on Non-Bank Financial Intermediation

In early 2022, macro-financial conditions changed dramatically with the war in Ukraine, market volatility and commodities’ price pressure. In addition, continued supply-chain difficulties contributed to concerns that inflation could become more persistent than expected. The report from the FSB takes stock of the situation in which the Non-Bank Financial Intermediation (NBFI) sector entered the year 2022 and provides insights on how vulnerabilities could develop given the changing macro-financial conditions.

This report presents the results of the FSB’s annual global monitoring exercise, covering 29 jurisdictions that account for around 80% of global GDP. The report mainly covers developments in 2021, during which most economies experienced a better-than-expected recovery from the COVID-19 shock, in many ways because of the extraordinary steps taken by official sector authorities to support key financial markets and the real economy.

Categories: Recommended Readings
Author: FSB