CGFS pushes central banks to prepare market-making crisis measures

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The BIS

Central banks should prepare and strengthen measures to support market-making in the event of crises, according to a report by the Bank for International Settlements' Committee on the Global Financial System (CGFS).

Liquidity has experienced a "bifurcation" since the global financial crisis, the report says, with growing activity in more liquid instruments but declining activity in illiquid instruments. This has made liquidity more "fragile" and susceptible to crises, the CGFS warns.

The CGFS sa

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