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MNI BRIEF: ECB VP Calls For Action On NBFC Stability Risks

(MNI) LONDON
(MNI) London
True

Financial stability risks in the non-bank financial sector vulnerabilities require “imperative” action, European Central Bank Vice President Luis de Guindos said Monday, as he called for a globally consistent approach to addressing leverage-based risk.

“High financial market volatility and associated liquidity challenges have once more highlighted the need to improve margining practices and the ability of non-banks to meet margin calls in derivatives transactions,” he said.

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Financial stability risks in the non-bank financial sector vulnerabilities require “imperative” action, European Central Bank Vice President Luis de Guindos said Monday, as he called for a globally consistent approach to addressing leverage-based risk.

“High financial market volatility and associated liquidity challenges have once more highlighted the need to improve margining practices and the ability of non-banks to meet margin calls in derivatives transactions,” he said.

Keep reading...Show less