Banks, however, do not comprise the entire financial sector. Arguably, non-bank financial intermediation has taken on an increasing role in the global financial system and poses new challenges to regulators.
Frank Elderson: Forests and finance Panel contribution by Mr Frank Elderson, Member of the Executive Board of the European Central Bank, at COP26 World Leaders’ Summit Presidency Event on “Action on Forest and Land Use”, Frankfurt am Main, 2 November 2021.