After the presentations by the authors and discussants in each session, the floor will be open for an exchange of views on the practical implications of this research and how it advances the understanding of systemic risks in NBFI and potential policy responses. [...] This interaction can result in fire sales and the transmission of stress to other parts of the financial system and the economy. [...] Against this backdrop, the FSB is interested in understanding better the implications of the growth of bond markets and of changes to the investor base and role of dealers for systemic risk; the main drivers of liquidity imbalances in government and corporate bond4 markets during periods of stress; how different parts of the NBFI ecosystem contribute to liquidity imbalances in aggregate; and under. [...] 6 ■ Wu highlights the role of the liquidity premium in measuring the ease of trading corporate bonds and the underlying liquidity of the market. [...] Session 4: Policy tools and approaches to address systemic risk in NBFI This session will discuss policies that authorities should consider to enhance the resilience of the NBFI sector, drawing on the experience and lessons of the March 2020 market turmoil.
Authors
- Pages
- 8
- Published in
- Switzerland