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Bank of Japan (BOJ) Deputy Governor Uchida has raised concerns about the increasing influence of non-bank financial institutions (NBFIs), which now account for nearly half of global financial intermediation. Uchida emphasized the need for vigilance regarding the potential spillover risks to the entire financial system as these institutions deepen their ties with the banking sector. The BOJ's call for increased attention to the growing significance of NBFIs reflects a broader trend in the financial landscape, where these entities are becoming more interconnected with traditional banks, raising concerns about financial stability.
.@EbrimaSSanneh of @AmerBanker examines the future of #FSOC. Our Shayna Olesiuk explains "nonbanks have continued to grow, becoming not only bigger threats to financial stability & the American people but also more complex and interconnected with banks." https://t.co/oRiHpzJO6v
Hong Kong regulator takes aim at crypto firms posing as banks https://t.co/GG3cRbVbHn
Reuters reports the BOJ is going after crypto exchanges (competition to CBDC): TOKYO : The growing presence of non-bank financial institutions (NBFI) warrants attention, as some reports show they account for almost half of financial intermediations globally, Bank of Japan Deputy… https://t.co/D9uoUMYc5s
