Fed mulls action on short-term funding markets

Randal Quarles
Randal Quarles
Federal Reserve

The Federal Reserve is considering possible action to tackle the overreliance of the financial sector on fragile short-term funding, Randal Quarles said on October 15.

The Fed’s vice-chair for supervision said runs on prime money market funds and commercial paper in March were “particularly disappointing”, as they were similar to stresses that developed during the global financial crisis more than a decade ago.

Post-2008 reforms had gone some way to cutting market participants’ reliance on

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: http://subscriptions.centralbanking.com/subscribe

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: