1.0Asociación Española de Bancahttps://aebanca.es/en/rich600338<blockquote class="wp-embedded-content" data-secret="PFM6GS7STR"><a href="https://aebanca.es/en/actualidad/te-interesa/articulos/quantifying-financing/">Quantifying Financing</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://aebanca.es/en/actualidad/te-interesa/articulos/quantifying-financing/embed/#?secret=PFM6GS7STR" width="600" height="338" title="“Quantifying Financing” — Asociación Española de Banca" data-secret="PFM6GS7STR" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script> /*! This file is auto-generated */ !function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i<o.length;i++)o[i].style.display="none";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute("style"),"height"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):"link"===t.message&&(r=new URL(s.getAttribute("src")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener("message",d.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",function(){for(var e,t,s=l.querySelectorAll("iframe.wp-embedded-content"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute("data-secret"))||(t=Math.random().toString(36).substring(2,12),e.src+="#?secret="+t,e.setAttribute("data-secret",t)),e.contentWindow.postMessage({message:"ready",secret:t},"*")},!1)))}(window,document); //# sourceURL=https://aebanca.es/wp-includes/js/wp-embed.min.js </script> https://aebanca.es/wp-content/uploads/2017/12/gente-de-compras.jpg960720Financing is essential for driving economic growth. However, it must be responsible and transparent financing, like that provided by banks. In fact, the ECB is once again warning about the vulnerability that non-bank financing can bring to the Eurozone. In its latest financial stability report, it explains how, in situations of financial stress and uncertainty, the temptation to find financing outside the traditional—regulated and supervised—banking circuit increases. This pressure can threaten financial stability in a context of reduced liquidity implemented by the central banks themselves.