Tighter financial conditions pose growing threat to non-banks that may spread throughout financial sector
FSB, IOSCO issue policy proposals to address redemption challenges
System-wide review launched in response to recent liquidity crunches in stressed markets
Global policy group details priorities ahead of G20 meeting later this week
Non-banks' share of global assets rose in 2021, led by investment funds
Ties to banks and weak risk management raise concern for Basel Committee
Recent economic and financial market developments are exacerbating policy dilemmas
High debt, tighter conditions, geopolitical threats could reveal vulnerabilities, FSB warns
Combating liquidity stress is a key focus
The search for yield is driving the surge in non-bank lending