Date: 31st May - 1st June 2023   Venue: Imperial College London
Speakers: Daniel Barth (Federal Reserve Board of Governors), Javier Bianchi (Federal Reserve Bank of Minneapolis), Sarah Breeden (Bank of England), Robert Czech (Bank of England), Alessandro Gavazza (London School of Economics), Arvind Krishnamurthy (Stanford University), Yiming Ma (Columbia University), Jumana Salaheen (Vanguard Europe), Hyun Song Shin (Bank for International Settlements), Victoria Vanasco (Centre de Recerca en Economia Internacional), Motohiro Yogo (Princeton University)

Programme: click here

Non-bank financial intermediation comprises almost half of the global financial sector. Since the crisis, private non-financial corporations have substituted funding from banks for tradable securities. Pension funds and insurance companies have likewise broadened their asset portfolios, taking on a greater role in financing the real economy. As a result, the resilience of the non-bank financial sector and the supporting market infrastructure is crucial for the financial system to support the real economy and to absorb rather than amplify shocks.

To assess the financial stability implications of the above developments, academics and policy makers should 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.

The conference on non-bank financial sector and financial stability, jointly organized by the Bank of England, the Centre for Economic Policy Research, Imperial College and the London School of Economics aims to contribute to the analysis and understanding of these topics.

Registration
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Organising Committee
Franklin Allen (Imperial College London)
Sinem Hacioglu (Bank of England)
Anne-Caroline Huser (Bank of England)
Dimitri Vayanos (London School of Economics)
Ansgar Walther (Imperial College London)
Nora Wegner (Bank of England)
Kathy Yuan (London School of Economics)