Non-banking financial companies have evolved into specialized institutions. They now serve areas that banks do not typically reach, as well as specific types of borrowers and markets.

Growth in this sector must be managed carefully to avoid compromising standards. A significant opportunity exists to increase credit, but this should not come at the expense of governance or customer protection.

Further information on this development is available, including comments from a regulatory official and data on the current state of the non-banking financial sector.