Fed’s Dudley says vulnerabilities remain in wholesale funding

Author: Ryan Littlestone | Category: Central Banks
  • Essential to make wholesale funding more stable
  • Says financial system had serious flaws in recent years
  • Extraordinary interventions in shadow banking will be more difficult to undertake post crisis

New York Fed president William Dudley speaking at a conference on wholesale funding. Boston Fed’s Eric Rosengren is due to speak after Dudley has finished.