Capital Markets and Financial Risks of Non-Bank Financial Intermediaries (NBFIs)
Understanding a Structural Shift in Global Finance Over the past fifteen years, global finance has undergone a profound transformation.Credit and liquidity creation have migrated from banks to markets, giving rise to a new ecosystem of Non-Bank Financial Intermediaries (NBFIs) — including investment funds, insurers, pension systems, and private-credit managers. This structural change has broadened access […]