Federal Reserve vice-chair Stanley Fischer today outlined some of the ways in which non-banks could be made safer by shoring up their liquidity and solvency positions.

In remarks to a conference organised by the Federal Reserve Bank of Atlanta, Fischer said key considerations for the regulation of non-banks will be familiar to regulators. Solvency and liquidity are issues for the banking sector too, but while banks have recourse to emergency lending and resolution mechanisms, non-banks typically