FSB exec says reduction of NBFI leverage not a target
Isda AGM: Martin Moloney says the body isn’t seeking wholesale cut in leverage across markets
The deputy secretary-general of the Financial Stability Board (FSB), Martin Moloney, has attempted to alleviate concerns that the international body is targeting a broad reduction in use of leverage by non-bank financial intermediaries (NBFIs) in a recent consultation.
Leverage in NBFIs has come under regulatory scrutiny after recent market episodes such as the downfall of Archegos and the 2022 UK
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