This Congressional Research Service (CRS) report, updated in June 2025, provides an overview of Nonbank Financial Intermediation (NBFI), or "shadow banking," and its implications for capital markets policy, prepared for Members of Congress. The source explains that NBFI generally refers to funding sources outside the traditional banking system, emphasizing its size, complexity, and importance, noting … Continue reading 🏦 Nonbank Financial Intermediation Policy Issues and Financial Stability (NotebookLM). →