ECB’s Donnery calls for stronger supervision of non-banks
Firms’ ties with banks should be promptly addressed, supervisory board member says
Supervisors in Europe should be more proactive in addressing the financial stability risks posed by non-banks, a member of the European Central Bank’s supervisory board has said.
Speaking at an event in Delphi, Greece yesterday (April 10), Sharon Donnery noted that the non-bank sector had grown “significantly” since the global financial crisis. This, she said, had deepened the interconnection between banks and non-banks.
Donnery, who was the Central Bank of Ireland’s deputy governor of financial
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