Tuesday - November 4, 2025
Fed: The Case for Supporting Liquidity Supply in (some Corners Of) Non-bank Intermediation
October 29, 2025
WASHINGTON, Oct. 29 (TNSRep) -- The Federal Reserve issued the following white paper (No. 2025-1425) in October 2025 by Sirio Aramonte entitled "The case for supporting liquidity supply in (some corners of) non-bank intermediation".

Here are excerpts:

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After the Global Financial Crisis, the liquidity-supply ecosystem that underpins nonbank intermediation shifted away from traditional dealers. Instead, it started to rely more on intermediarie . . .

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