Report
Lisa Kwasnowski ...
  • Man Na Cheung
  • Michael Driscoll

Shadow Banking Saved by Central Banks in COVID-19 Crisis But Risks Still Remain

DBRS, Inc. (DBRS Morningstar) published a commentary analyzing the impact of the Coronavirus Disease (COVID-19) pandemic on the shadow banking industry. In a stressed environment, withdrawals, funding difficulties, and other disruptions at shadow banks can have a widespread impact on the markets. Positively, extraordinary measures taken by central banks to inject liquidity into the markets over the past year prevented the potentially adverse impact to the markets that could have been elevated to extreme levels absent this support.
Provider
DBRS Morningstar
DBRS Morningstar

DBRS Morningstar is a global credit ratings business with 700 employees in eight offices globally. DBRS and Morningstar Credit Ratings are committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry.

Together, we are the world’s fourth largest credit ratings agency and a market leader in Canada, the U.S. and Europe in multiple asset classes. We rate more than 2,600 issuers and 54,000 securities worldwide and are driven to bring more clarity, diversity and responsiveness to the ratings process. Our approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources. For more details visit us at dbrs.com.

Analysts
Lisa Kwasnowski

Man Na Cheung

Michael Driscoll

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