, including several specific regulatory constraints being placed on non-bank financial institutions (NBFI). This paper proposes a … consultants to keep abreast of the real-world implications of evolving transactional structures. This paper then uses the rise of … credit funds as a non-bank entities economically engaged in credit intermediation to apply this normative framework, pointing …

securities. And since they do not meet bank requirement, they were obliged to satisfy their financial needs through usurers at a … deserve people with low standard of life. The aim of our paper is to examine how Non-Bank Financial institutions cope with … this alternative source of financing. Then, what are their strategies? And how can usurers be better than Non-Bank …