absorb losses and whether they can serve as transmitters of stress. Finally, turning to liquidity, bank deposits, money … market fund shares and securities financing transactions are key to ensure a smooth supply of liquidity and should …

contractual links. The first is the market price channel, in which scarce funding liquidity and low market liquidity reinforce … case of illiquidity spirals, firms do not internalise the negative externality of holding low levels of funding liquidity … contagion - namely macroprudential liquidity regulation; restrictions on margins and haircuts; and information disclosure. …

The trading of bonds and swaps largely relies on bank dealers as core market-makers. Dealers provide liquidity and … to their market-making activities. The ongoing challenges faced in ensuring resilient provision of liquidity were also …

funds and offer a return in line with money market rates, while providing daily liquidity to their investors. In Europe …