The ECB Vice President Luis de Guindos, in a keynote speech at the opening conference of 21st Euro Finance Week in Frankfurt, commented on Italy’s budget proposals/debt situation and said that contagion from Italy is limited, though remains a possibility.
Additional quotes:
“¢ Risks arising from leverage and liquidity mismatches in investment funds are potentially systemic.
“¢ We need to take a more ambitious policy approach to systemic risks.
“¢ Extending the macro-prudential framework to the asset management sector and developing policy tools to address emerging risks will be important.
“¢ Italy main prominent case at the moment.
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