Chatham House City Series: Market-based Finance - Creating Resilient Markets for Growth

In a low-growth environment, attention is shifting from regulatory repair of the financial system to how economic growth can be stimulated. What steps need to be taken to restore liquidity, provide finance for the real economy and support necessary growth? In a context of regulatory constraints for banks and insurers, how can market-based finance be made sufficiently resilient to fill the credit gap?

As regulation to manage the last financial crisis is being embedded, now is an opportune time to ask what steps should be taken to create an effective and robust global financial system. Speakers will discuss:

Whether further regulation, supervision and enforcement is needed.

Whether there is adequate liquidity in financial markets
The level of risk posed by the interconnectedness of banks and non-bank credit intermediaries.

How the level of systemic risk represented by major asset managers can be determined and mitigated.