Constâncio points to systemic risk from investment funds
ECB vice-president Vítor Constâncio says increased size and risk-taking by under-regulated investment funds call for new powers for regulators
The expanding investment fund sector may pose systemic risks and needs tighter regulation, the vice-president of the European Central Bank (ECB) said in a speech today (April 25).
The strong growth of non-bank financing "creates new risks in a part of the financial system that is much less regulated" than banks, Vítor Constâncio said. This applies in particular to the investment fund sector, he said, which has "grown rapidly over the past few years".
The sector grew from €5.4 trillion ($6.1
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@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on Macro-prudential
Quantum computing could help with prudential policies – study
Bank of Italy paper says technology could help central banks simulate stress scenarios for lenders
Key lessons from 15 years of macro-prudential policy
Pedro Duarte Neves reviews how macro-prudential tools can be used for maximum effect
Eurozone needs ‘exceptional mechanism’ to resolve banks – BdF
Bloc is ready to resolve most challenges but still needs liquidity mechanism for larger lenders
Basel Committee to build ‘day-to-day’ supervision toolkit
“Suite of practical tools” will draw on lessons learned from 2023’s banking turmoil
ECB vice-president warns of US AI bubble
Now is not the time to deregulate banks, says Luis de Guindos
Finma to revise UBS’s recovery and emergency plans
Swiss regulator suspends annual plan approval because of “obstacles” created by Credit Suisse merger
Opposing Basel III is ‘short-term thinking’ – DNB’s Klaas Knot
Lenders should not ask governments to water down proposals, says Dutch central bank governor
European banks warming to AT1 – National Bank of Denmark study
Lenders that rely on additional tier 1 capital are less capitalised, says new research