Report on Vulnerabilities in Private Credit
Private credit has grown into a $1.5–2.0 trillion market, expanding well beyond its traditional focus on mid-sized businesses and institutional investors like pension funds and insurers. It is now financing larger companies and increasingly reaching retail investors — but this growth is bringing new risks into focus. The Financial Stability Board’s (FSB) latest report warns […]
Financial stability risks from linkages between banks and the non-bank financial intermediation sector
The European Central Bank (ECB) and the European Systemic Risk Board (ESRB) published a joint report entitled “Financial stability risks from linkages between banks and the non-bank financial intermediation sector”. The report finds linkages between banks and the non-bank financial intermediation (NBFI) sector to be significant, and while they do not currently pose acute risks […]