ECB: Speech by Isabel Schnabel: Covid-19 and the liquidity crisis of non-banks: lessons for the future
20 Nov 2020 (UPDATED: 13 Mar 2026)
International
1 min read
Text of Isabel Schnabel’s speech of 19 November 2020 follows. Topics include: the expansion of the non-bank sector; the role of non-banks during the spring market turmoil; liquidity risk; fund leverage; systemic risks due to interdependencies and fixing the fault lines for non-banks.
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