De Guindos calls for higher liquidity buffers for non-banks
ECB official argues a comprehensive macro-prudential framework is needed
European Central Bank vice-president Luis de Guindos deems it necessary to require non-banks to maintain higher liquidity buffers.
In a speech published today (November 16), de Guindos stressed the eurozone should develop a comprehensive macro-prudential framework for these financial entities.
“Investment funds continue to be vulnerable to sudden outflows during periods of market stress due to their relatively small liquidity buffers,” he said. “A review of the liquidity requirements for money
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