LONDON: Non-bank financial firms such as investment funds have exhibited vulnerabilities during the coronavirus crisis that may need fixing to help economies recover, a global regulatory watchdog said on Tuesday.
The FSB said it has set up a group to fine tune work on investment funds and credit markets, which have been a source of conflict between market regulators and central banks in the past over how stringently they should be regulated. Quarles said the FSB was guiding G20 members on using existing flexibility in global rules, while also preserving collective support for the standards.