Quarles Reiterates Calls for SCP, Treasury, NBFI Reform
FRB Vice Chair for Supervision Quarles today outlined reforms that may be required to address short-term funding risk, citing reduced commercial-paper markets liquidity in March.
Treasury Reiterates Need for MMF-Liquidity Rewrite
The SEC’s lengthy roundtable on credit-market risk and interconnectedness revisited the critical question of MMF and other asset-management substitutes for bank financial intermediation.