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SUMMARY:Stability Implications of Nonbank Provision of Financial Services
UID:https://bankinglibrary.com/stability-implications-of-nonbank-provision-of-financial-services-2/
LOCATION:Copenhagen, Denmark
DTSTAMP:20260724Z
DTSTART:20260724Z
DTEND:20260724Z
DESCRIPTION:CfP Deadline:
July 24, 2026
Conference Event:
October 8-9, 2026
Event Location:
Copenhagen, Denmark
Organizer(s):
Danmarks NationalBankCenter for Financial Innovation and Stability (Federal
Reserve Bank of Atlanta)Center for the Economic Analysis of Risk (Georgia
State University)
Keynote Speaker(s):
Xavier Vives (University of Navarra, IESE Business School) Arnoud Boot
(University of Amsterdam)
Description:
The Danmarks NationalBank, the Center for Financial Innovation and
Stability (Federal Reserve Bank of Atlanta) and the Center for the Economic
Analysis of Risk (Georgia State University) are organizing a conference on
STABILITY IMPLICATIONS OF NONBANK PROVISION OF FINANCIAL SERVICES. We will
hold the conference in-person at the Danmarks National Bank in Copenhagen
on 8-9 October 2026. The goal of the conference is to bring together
economists, finance and risk management professionals, and regulators to
consider the reasons for the growth of nonbank providers of financial
services and the implications of these providers for the stability of the
financial system. Xavier Vives (University of Navarra, IESE Business
School) and Arnoud Boot (University of Amsterdam) have both agreed to give
keynote addresses at this year's conference. Traditional financial
stability concerns have largely focused on maintaining the stability of
chartered banks, largely because of their historically unique role in the
payments system, but also because of their role in the provision of credit.
To varying degrees, banks have faced competition from both nonbank
intermediaries and financial markets, such as the money market and bond
markets. These nonbank providers have generally had the advantage of being
subject to less intrusive regulations, but at the cost of not having de
jure access to the safety net. More recently, however, changes to
regulation (such as the EU’s Payment Services Directives) and
technological developments (such as blockchains, machine learning, and
artificial intelligence) are opening a variety of new ways for nonbank
providers to enter the financial services market.On the one hand, the
growth of nonbank providers may diversify the ways in which financial
services are provided, and possibly provide better risk management,
potentially enhancing overall stability. On the other hand, these
developments may facilitate the creation of new, systemically important
financial intermediaries and markets that lie largely outside the perimeter
of prudential supervision. Moreover, in recognition of their existing
systemic importance, central banks and governments have shown a willingness
to extend the de facto safety net to systemically important nonbank
financial firms and to financial markets. These extensions may promote
stability in the short run. However, over the longer term these extensions
also may promote the growth, and reduce the risk management incentives, of
nonbank providers with the possible result of increasing the overall
riskiness of the financial system. This conference will consider the
factors leading to the increasing role of nonbank provision of financial
services and examine the financial stability implications of such
provision.
Submission: 
Link:
Stability Implications of Nonbank Provision of Financial Services
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