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Enhancing Monitoring of NBFI Exposure: The Case of Open-End Funds

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Abstract

Non-bank financial institutions (NBFIs) have grown steadily over the last two decades, becoming important providers of financial intermediation services. As NBFIs naturally interact with banking institutions in many markets and provide a wide range of services, banks may develop significant direct exposures stemming from these counterparty relationships. However, banks may be also exposed to NBFIs indirectly, simply by virtue of commonality in asset holdings. This post and its companion piece focus on this indirect form of exposure and propose ways to identify and quantify such vulnerabilities.

Suggested Citation

  • Nicola Cetorelli & Debashish Sarkar, 2023. "Enhancing Monitoring of NBFI Exposure: The Case of Open-End Funds," Liberty Street Economics 20230418a, Federal Reserve Bank of New York.
    • Handle: RePEc:fip:fednls:96018
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    File URL: https://libertystreeteconomics.newyorkfed.org/2023/04/enhancing-monitoring-of-nbfi-exposure-the-case-of-open-end-funds/
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    More about this item

    Keywords

    banks; nonbanks; nonbank financial institutions (NBFIs); supervision;
    All these keywords.

    JEL classification:

    • G1 - Financial Economics - - General Financial Markets
    • G2 - Financial Economics - - Financial Institutions and Services

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