Source: European Central Bank (video statements)
Session 3: Non-bank financial intermediaries, liquidity and their prudential treatment
Chair: Luis de Guindos, Vice-President, European Central Bank
Paper: “Growth of non-bank financial intermediaries, monetary policy, and financial stability”
Author: Loriana Pelizzon, Deputy Scientific Director, Leibniz Institute for Financial Research SAFE and Professor, Goethe University Frankfurt and Ca’ Foscari University of Venice
(together with Riccardo Mattiello, Ca’ Foscari University of Venice and Warwick University, and Jonas Schlegel, Financial Economist, SAFE Policy Center)
Discussant: Nicola Cetorelli, Financial Research Advisor and Head of Financial Intermediation, Federal Reserve Bank of New York