liquidity dried up or became too costlythe report said the market has got a discipline among nbfcs wherein better performing ones continue to raise funds while those with assetliability mismatch and asset quality concerns are subjected to higher borrowing coststhe report said with the outbreak of these troubles the reliance on longterm funding has increased among nbfcs while the same on commercial paper and certificate of deposits has gone downthe financial market risks continue to be perceived as a highrisk category affecting the system while global risks and risk perception on macroeconomic conditions as also institutional risks are perceived medium it saidthe report said mutual funds are the biggest supporters of the financial system courtesy the funds that they provide and hence any disruption in the mf market has immediate and significant spillovers in the asset marketson the recent issues involving fixed maturity plans where schemes run by at least two asset managers have raised concerns the rbi underlined the need for a better oversightit is particularly important to tune the oversight infrastructure to specifically contextualise the tradeoffs in the context of the business of a specific firmfund this may not completely eliminate the risks but will go a long way in containing the spill overs the report saidrbi is reviewing its master direction on frauds and considering additional measures for timely recognition of frauds and enforcement action against violations it saidthe report also pointed that 204 borrowers who had been reported as fraudulent by one or more banks were not classified as such by other banks having exposure to the same borrower which makes it go for a fresh review