Covid-19 reveals systemic flaws – Brainard

Lael Brainard
Lael Brainard

Covid-19 had revealed systemic vulnerabilities in the financial system, Lael Brainard, a member of the Federal Reserve Board, said on March 1.

Speaking to the Institute of International Bankers, Brainard outlined possible reforms to money market funds and other sectors, and warned of potential risks during the recovery.

Brainard paid specific attention to money market funds, which suffered a wave of withdrawals as the pandemic gripped North America and Europe last March. She noted: “Over the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: