NY Fed’s Krieger: liquidity backstop for shadow banks vital

New York Federal Reserve executive vice-president Sandra Krieger stresses importance of backstop measures to reduce systemic risk arising from shadow banking activities


Reforms to reduce systemic risk deriving from the shadow banking sector must provide more effective backstop measures to stem liquidity shortages, Sandra Krieger, the executive vice-president of credit and payments risk at the New York Federal Reserve, said on Tuesday.

At the Global Association of Risk Professionals' 12th Annual Risk Management Convention in New York, Krieger said while much of the current regulatory reform focused on ensuring banks have sufficient liquidity and capital buffers

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