Banks are in turmoil but a bigger financial crisis may be brewing elsewhere | CNN Business

  • 📰 CNN
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 95%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

You may not have heard of non-bank financial institutions, but the IMF says global financial stability could hinge on their resilience

The International Monetary Fund warned this week of “vulnerabilities” among so-called non-bank financial institutions, saying global financial stability could hinge on their resilience. The Bank of England called attention to the same issue last month.

Since non-banks do not take deposits from customers, they are mostly exempt from the strict requirements for loss-absorbing capital and liquidity imposed on banks. And most are not subject to regular tests by regulators to ensure they can cope in a range of adverse scenarios. In a report in February, S&P Global Ratings pointed out another alarming feature of many non-banks.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 4. in FR

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Banks could begin canceling lines of business credit soonSmall businesses could soon see lines of credit canceled from banks as the global banking crises, inflationary pressures and rising interest rates slow commercial lending. How about consumer credit lines. Those balances are exploding. Something like 14 millions Americans are carrying cc balances of at least 10,000 dollars right now at an average rate of 21% plus. Goodbye Fox Business... I'm supporting small businesses I already have 695 OnlyFans subscriptions I feel like the IMF sometimes...
La source: FoxBusiness - 🏆 458. / 53 Lire la suite »

The creator of the Catan board game has died | CNN BusinessKlaus Teuber, creator of the blockbuster board game Catan, has passed away. JoeCHendricks ):
La source: cnni - 🏆 326. / 59 Lire la suite »

Millennial app founder arrested, charged with defrauding JPMorgan Chase | CNN BusinessCharlie Javice, founder of the buzzy student financial assistance startup Frank, was arrested Monday night and charged by the US Securities and Exchange Commission for allegedly defrauding JPMorgan Chase in the $175 million acquisition of her company.
La source: CNN - 🏆 4. / 95 Lire la suite »