Session 4 – Non-banks | Banks’ balance-sheet costs, monetary policy, and the ON RRP

Session 4 on non-banks at the 2025 Money Markets conference.

Banks’ balance-sheet costs, monetary policy, and the ON RRP
• Presenter: Gabriele La Spada, Federal Reserve Bank of New York
• Gara Alfonso and Marco Cipriani, both Federal Reserve Bank of New York

Watch all sessions from the conference: https://www.youtube.com/playlist?list=PLnVAEZuF9FZn2pK-WLVNXERH0hPmXmggt

See the conference programme here:
https://www.ecb.europa.eu/press/conferences/html/20251106_money_markets.en.html