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
Where Do Banks End and NBFIs Begin?
• Nicola Cetorelli, Federal Reserve Bank of New York
Discussants:
• Tomasz Piskorski, Columbia Business School
• David Scharfstein, Harvard Business School
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