Past Event

The need for market-based finance after COVID-19

How do COVID-19-caused financial dislocations inform policy responses?

Date: June 29, 2020, 2:00 pm Topic: Banking and capital markets

video & audio recordings

Bruegel · The need for market-based finance after COVID-19

In this event Guntram Wolff and Maria Demertzis were in conversation with Gabriel Makhlouf, the governor of the Central Bank of Ireland.

They focused on the implications of the changing nature of the financial system, with a particular focus on the growth in market-based finance. The financial dislocations observed at the onset of the COVID-19 shock have raised important questions around the extent to which the collective behaviour of parts of the market-based finance sector contributed to the magnitude of these stresses – and, by implication, the magnitude of the policy response that was required by authorities to mitigate the effects on the economy.

Beyond the immediate crisis response to COVID-19, it is vital that policymakers consider the resilience of non-bank financial intermediation from a macroprudential perspective, with a focus on developing and operationalising the macroprudential policy framework for market-based finance.

Schedule

Jun 29, 2020

14:00-15:00

Discussion

Maria Demertzis, Deputy Director

Gabriel Makhlouf, Governor, Central Bank of Ireland

Guntram B. Wolff, Director

Speakers

Maria Demertzis

Deputy Director

Gabriel Makhlouf

Governor, Central Bank of Ireland

Guntram B. Wolff

Director

Location & Contact

Bruegel, Rue de la Charité 33, 1210 Brussels

Katja Knezevic

[email protected]

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