London, Bank of England
Conference organised by Bank of England, Brevan Howard Centre for Financial Analysis - Imperial College London, Centre for Economic Policy Research and The Paul Woolley Centre for the Study of Capital Market Disfunctionality, London School of Economics
Organisers: Franklin Allen, Sinem Hacioglu, Jumana Saleheen, Laura Silvestri, Jagdish Tripathy, Dimitri Vayanos and Kathy Yuan
Sponsors: Imperial College Business School and London School of Economics
Host: Bank of England
Non-bank financial intermediation comprises almost half of the global financial sector. Since the crisis, UK private non-financial corporations have also substituted funding from banks for tradable securities. Alongside these changes, the share of electronic trading in financial markets has increased substantially over the last decades.
Therefore, the resilience of the non-bank financial sector and the evolving market infrastructure is crucial for the financial system to play its crucial role of providing funding to the real economy. Their resilience will also ensure that the financial system overall absorbs, rather than amplifies, stresses.
In order to assess the financial stability implications of these recent developments, it is important for academics and policy makers to improve their understanding of risks arising from the behaviour of non-bank financial institutions and the evolution of the supporting market infrastructure, and how to deal with those risks.
Please address any registration queries to Mandy Chan of CEPR at firstname.lastname@example.org.