The talk on 'Liquidity and Shadow Banking' was presented to an Expert Group of the European Systemic Risk Board at the European Central Bank in Frankfurt.
The Expert Group’s members represent EU central banks and national supervisory authorities. The group focuses primarily on developing macro-prudential policies and on monitoring and assessing underlying financial stability risks related to non-bank financial intermediation, in particular in investment funds and so-called ‘other financial institutions’. Shadow Banking Dialogue sessions involve academics and specialists in shadow banking/non-bank financial intermediation.
Dr Simone Varotto's presentation was based on his recently co-authored paper 'Liquidity and Shadow Banking', which studies the behaviour of money market funds and the impact of liquidity requirements. The paper looks specifically into money market reforms and the European sovereign debt crisis. Read the full paper here.
You might also like
Banking with technology companies
The Apple Card is due to launch soon with the help of Mastercard and Goldman Sachs. But why has Apple ventured into the financial sphere? Companies like Apple and Facebook have advantages over traditional banks due to the multiple touch points they have with their clients.
High-achieving MSc Students scoop Eurekahedge Prize
Two of the ICMA Centres top performing MSc students were awarded with the Eurekahedge prize. First place was awarded to Vladimir Zdorovenin, MSc International Securities and Investment Banking, with Duncan Green, studying on the MSc Investment Management programme as the runner-up.
Industry Insights: Private Equity
In this week's Industry Insights talk, Jamie Hayford an alumni and Investment Associate at Pantheon Ventures talked us through the Private Equity Sector. As usual, my colleague Daniel Robertson has provided the review: