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Board members' diaries

The ECB publishes the monthly meeting calendars of the members of the Executive Board, with a lag of about three months.

The calendars include appointments with external parties, complementing the information already currently available on this website (such as the weekly schedule), unless releasing the information could undermine the protection of public interests recognised at EU level.

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    Benedikt Kagerer

    30 May 2023
    FINANCIAL STABILITY REVIEW - ARTICLE
    Key linkages between banks and the non-bank financial sector
    Financial Stability Review Issue 1, 2023
    English
    Details
    Abstract
    Banks are connected to non-bank financial intermediation (NBFI) sector entities via loans, securities and derivatives exposures, as well as funding dependencies. Linkages with the NBFI sector expose banks to liquidity, market and credit risks. Funding from NBFI entities would appear to be the most likely and strongest spillover channel, considering that NBFI entities maintain their liquidity buffers primarily as deposits and very short-term repo transactions with banks. At the same time, direct credit exposures are smaller and are often related to NBFI entities associated with banking groups. Links with NBFI entities are highly concentrated in a small group of systemically important banks, whose sizeable capital and liquidity buffers are essential to mitigate spillover risks.
    JEL Code
    G21 : Financial Economics→Financial Institutions and Services→Banks, Depository Institutions, Micro Finance Institutions, Mortgages
    G22 : Financial Economics→Financial Institutions and Services→Insurance, Insurance Companies, Actuarial Studies
    G23 : Financial Economics→Financial Institutions and Services→Non-bank Financial Institutions, Financial Instruments, Institutional Investors