Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Macro and Geopolitical Research House

Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

Macroeconomics

<ul><li>Emergency lending facilities provided by the Federal Reserve, and the BTFP in particular, relieved banks in distress and helped them stay afloat, but are the same risks still lurking or has the need for funding eased?</li><li>Welcome to this edition of the ‘Watch Series’ where we’ll have a closer look at the use of currently operational funding, credit, liquidity and loan facilities provided by the Fed to try and deduce the state of and outlook for the economy and financial markets – banks in particular.</li><li>To ensure the functioning of the treasury and MBS markets in the immediate aftermath of patient zero, the Fed implemented lax monetary policy and resumed its QE.</li></ul>

Emergency lending facilities provided by the Federal Reserve, and the BTFP in particular, relieved banks in distress and helped them stay afloat, but are the same risks still lurking or has the need for funding eased?Welcome to this edition of the ‘Watch Series’ where we’ll have a closer look at the use of currently operational funding, credit, liquidity and loan facilities provided by the Fed to try and deduce the state of and outlook for the economy and financial markets – banks in particular.To ensure the functioning of the treasury and MBS markets in the immediate aftermath of patient zero, the Fed implemented lax monetary policy and resumed its QE.

Bank Funding Watch: The lender of ‘favorite’ resort? - Watch Series