NBFI: Emerging Channels of Systemic Risks
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Abstract
Non-bank financial intermediation (NBFI) is one of the main channels of systemic risks in the financial sector. The recent financial crisis unveiled such regulatory gaps highlighting the need for novel tools and preemptive measures to reinforce the benefits of NBFI while limiting the risks posed to financial stability. The paper presents a novel discussion of how existing regulation can address the risks emerging from this sector whilst highlighting gaps in the current regulatory framework. Understanding the influence of the transition to NBFI on shock amplitude and transmission involves analysing the interaction and spread of risk from a system-wide perspective.
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Micelli, D., & Walsh, L. (2023). NBFI: Emerging Channels of Systemic Risks. Science of Law, 2023(3), 1-11. https://doi.org/10.55284/sol.v2023i3.112
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How to Cite
Micelli, D., & Walsh, L. (2023). NBFI: Emerging Channels of Systemic Risks. Science of Law, 2023(3), 1-11. https://doi.org/10.55284/sol.v2023i3.112