To help prevent a replay of 2008, when a market meltdown spurred a global crisis, large broker-dealers should receive access to Federal Reserve loans to enhance liquidity in the sector, according to a new report.
A task force convened by the Bipartisan Policy Center, a Washington think tank, to examine the financial collapse and the government’s response has concluded that broker-dealers need to be better insulated from the runs and panic that paralyzed global markets six years ago.
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