A board at the trading floor of the New York Stock Exchange shows plummeting stock indices on March 3, 2020. The spread of Covid-19 has wreaked havoc on global markets, triggering an economic recession. Photo: AP
A board at the trading floor of the New York Stock Exchange shows plummeting stock indices on March 3, 2020. The spread of Covid-19 has wreaked havoc on global markets, triggering an economic recession. Photo: AP
Agustín Carstens
Opinion

Opinion

Macroscope by Agustín Carstens

Financial intermediaries must be kept in check to avoid a repeat of the 2020 turmoil

  • Nonbank financial intermediaries have become intertwined with the rest of the financial system and their activities can affect the real economy, yet they remain poorly regulated
  • Closer monitoring can reduce the likelihood of financial stress – and the need for central banks to step in

A board at the trading floor of the New York Stock Exchange shows plummeting stock indices on March 3, 2020. The spread of Covid-19 has wreaked havoc on global markets, triggering an economic recession. Photo: AP
A board at the trading floor of the New York Stock Exchange shows plummeting stock indices on March 3, 2020. The spread of Covid-19 has wreaked havoc on global markets, triggering an economic recession. Photo: AP
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