Which IOSCO initiative focuses on enhancing the resilience of non-bank financial intermediation (NBFI) to mitigate systemic risks to the global financial system?
- Market Abuse Task Force
- NBFI Work Programme
- Crypto-Assets Task Force
- Sustainable Finance Network
Answer: NBFI Work Programme
Following the 2008 crisis and recent market stresses, IOSCO's NBFI Work Programme addresses risks from hedge funds, money market funds, and other non-bank entities. It develops policy recommendations to improve transparency, liquidity management, and oversight of this growing sector.