2.Liabilities matter: It was the collapse in funding markets which made the crisis global, and yet we cannot really see funding patterns in the available data.
3.Currency matters: Monitoring maturity mismatch at the systemic level requires information on the currency of positions, since cross-currency financing can embed rollover risk into the balance sheet.
4.Interconnectedness matters: The number and nature of an institution's bilateral relationships, and not only its size, are a key measure of its systemic importance.
5.Non-banks matter: Off-balance sheet SIVs, as well as pension funds, insurance companies and large corporates, should not be excluded from systemic monitoring exercises."
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