Source: European Central Bank (video statements)
This panel discussed systemic liquidity risk, highlighting how market and funding strains can affect the financial system, often necessitating intervention from central banks and authorities. The panel explored methods for detecting and addressing vulnerabilities proactively, and strategies for mitigating the impact if such risks materialise.
Chair: Stephen Cecchetti, Professor, Brandeis International Business School, Vice-Chair of the ESRB Advisory Scientific Committee
Panellists:
Linda Goldberg, Financial Research Adviser, Federal Reserve Bank of New York
Rafael Repullo, Professor, Centre for Monetary and Financial Studies
Hyun Song Shin, Economic Adviser, Bank for International Settlements
Erik Thedéen, Governor, Sveriges Riksbank