In recent years, assets of non-bank financial intermediaries (NBFIs) have grown significantly relative to those of …. We argue instead that NBFI and bank businesses and risks are so interwoven that they are better described as having … contingent liquidity risk from the provision of credit lines to NBFIs; and (iii) Empirical work confirms bank-NBFI linkages …

The paper focuses on the interaction between the solvency probability of a banking firm and the diversification … achieve a confidence level for solvency, we demonstrate that diversification reduces the amount of equity. Notably, the VaR …

bank approval disparity is also larger in more racially biased counties. We conclude that insofar as automation by fintechs …

management and investment funds and became a key contributor to growth. Diversification into new areas of financial asset … important for further diversification in the financial sector, building on Luxembourg’s existing comparative advantage and … financial market actors, notably investment funds. Given that the bulk of the banks in Luxembourg are affiliates of foreign bank …