Constâncio fleshes out wider macro-prudential vision

European Central Bank

European Central Bank (ECB) vice-president Vítor Constâncio today renewed his call for a macro-prudential toolkit that extends beyond the banking sector, citing the risks associated with a wide range of financial entities, including asset managers.

Constâncio was taking stock of the global regulatory reform at the Hyman P Minsky Conference, held in Washington, DC, ahead of the IMF Spring Meetings.

He argued regulators were "close" to achieving their goal of making the banking sector safer, but p

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