Vítor Constâncio calls for macro-prudential tools to reach beyond banks
Regulators should gain more powers over derivatives transactions, says ECB vice-president
The systemic risk posed by the eurozone's alternative investment funds (AIF) sector is increasing, the vice-president of the European Central Bank (ECB) told an audience in London today (March 21).
Vítor Constâncio called for macro-prudential authorities to be given wider regulatory powers over AIFs. They should also be equipped with tools to supervise derivatives and securities markets and the shadow banking sector, he said.
Eurozone assets managed by investment funds other than money market
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