Finally, in the context of identifying the sources and causes of tensions in the money market, the role of money market funds – which are a crucial provider of funding to the banking system – was examined.
In this respect we consider communication as key for an adequate supervision of the institutions supervised by the Bank. Therefore, we applaud the contribution of LAAD in its communication towards the Bank by having annual presentations of LAAD’s results, where a representative of the Managing Board is always present to explain the results and developments in the markets.