Do Non-Banks Need Access to the Lender of Last Resort? | “The Next Financial Crisis?”

Source: European Central Bank (video statements)

Session 1 on Non-Banks at the 10th ECB Annual Research Conference.

Chair: Amit Seru, Stanford University – Hoover Institution

Do Non-Banks Need Access to the Lender of Last Resort? Evidence from Fund Runs
• Marie Hoerova, European Central Bank

Discussants:
• Jean-Charles Rochet, Toulouse School of Economics
• Philipp Schnabl, New York University – Stern School of Business

Watch other sessions from the 2025 ECB Annual Research Conference joint with Stanford’s Hoover Institution on “The Next Financial Crisis?”: https://www.youtube.com/playlist?list=PLnVAEZuF9FZlSxtoWBnEco7LoUoBbl-ei

See the conference programme here: https://www.ecb.europa.eu/press/conferences/html/20250917_10th_ecb_annual_research_conference.en.html

https://www.youtube.com/watch?v=arsFYAxKwzI