Swedish deputy wants macro-pru tools for non-banks
Cecilia Skingsley says work on developing them should ‘start promptly’
Work on developing new macro-prudential tools specifically aimed at countering risk in the non-banking sector should "start promptly", Sveriges Riksbank deputy governor Cecilia Skingsley said today (August 10).
Macro-prudential tools have mainly been developed to tackle "risk stemming from the traditional banking sector", Skingsley told a workshop held at the Hong Kong Monetary Authority. But the non-banking sector is growing rapidly "and so, most likely, is risk related to it", she said
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