BIS says central banks should prepare for market-making in crises
Central banks could consider direct interventions in critical markets
Central banks should strengthen measures to support market-making in the event of crises, the Bank for International Settlements' Committee on the Global Financial System (CGFS) says in a report.
Liquidity has experienced a "bifurcation" since the global financial crisis, the report says, with growing activity in more liquid instruments but declining activity in illiquid instruments. This has made liquidity more "fragile" and susceptible to crises.
Market factors and regulatory factors are
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net