This conference is organised by 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), and Kathy Yuan (London School of Economics). It is a two day event being hosted on Wednesday 31st May 2023 - Thursday 1st June 2023 at 170 Queen's Gate, London.
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.
Any views expressed by our speakers are entirely their own and do not necessarily reflect those of the Centre, Imperial College Business School or any of their Sponsors