Sky Blog
For many years, liquidity was often conceptualized through the lens of continuous exchange trading. That framework suggests a system in which liquidity is stable, transparent, and readily accessible, like a placid lake.
In calm markets, liquidity feels effortless. Trading is
In late November 2024, the Bank of England published the results of its first system-wide exploratory scenario (SWES) exercise – a year-long effort to model how various financial entities, including non-bank financial intermediaries (NBFIs) and banks, would respond to a …
Non-bank financial intermediation (NFBI) – encompassing a broad range of capital sources, including broker-dealers, private funds, and open-end funds (OEFs) – is vital for the financing of the real economy, serving as a critical complement to the traditional banking sector. …