ECB needs new tools to tackle shadow banking risks - Constâncio

Ideal toolkit would draw inspiration from US and UK

Vítor Constâncio

The European Central Bank (ECB) needs to be equipped with new tools to cope with risks originating in the shadow banking sector, Vítor Constâncio, the ECB's vice-president, said on Monday.

The ECB lacks certain instruments that some other central banks – notably the Federal Reserve – have in their toolkits, Constâncio said during a speech at Chatham House.

Constâncio stressed the term ‘shadow bank' should not be seen as pejorative, but instead indicated these institutions conducted operations

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 or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here