De Galhau: EU needs to stress test non-bank liquidity
Banque de France will examine risk of pension schemes redeeming fund assets, says governor
Central bankers and regulators globally should step up their focus on liquidity risks in the non-bank financial sector, according to François Villeroy de Galhau, the governor of the Banque de France and board member of the European Central Bank.
In a speech delivered at the City Week conference in London on April 24, de Galhau said the EU needs to implement the policy recommendations of the Financial Stability Board (FSB) on stress testing non-banks’ liquidity risks. The Banque de France will
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