FSB chief defends global non-bank regulation drive
Schindler slams ‘misconception’ that regulators intend to impose standardised bank-like rules
The secretary general of the Financial Stability Board, John Schindler, has warned that industry resistance to oversight of non-bank financial institutions (NBFIs) is being driven by “misconceptions” about the way regulators think about the sector.
“It would be a mistake to blindly apply bank-like regulations to non-banks,” says Schindler. “The two sectors have different business models and risk
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