I am sanguine that the new regulatory framework would address risks and help build a more resilient and robust NBFC sector.
References: Corporate Governance Watch 2010; CLSA Global Shadow Banking Monitoring Report 2012; Financial Stability Board Principles for enhancing corporate governance; Basel Committee on Banking Supervision (October 2010), Report of the Working Group on the issues and concerns in the NBFC Sector (August 2011) Shadow Banking: Scoping the Issues; Financial Stability Board (April 2011) Strengthening Oversight and Regulation of Shadow Banking: An Integrated overview of Policy Recommendations: Financial Stability Board (November 2012)  14  BIS central bankers’ speeches  Strengthening Oversight and Regulation of Shadow Banking: A Policy Framework for Strengthening Oversight and Regulation of Shadow Banking Entities: Financial Stability Board (November 2012) The Fundamental Principles of Financial Regulation: Geneva Reports on the World Economy; Centre for Economic Policy Research (August 2009)  BIS central bankers’ speeches  15