Federal Reserve Short-Term Funding Markets Conference

9th Short-Term Funding Markets (STFM) Conference

Friday, May 29, 2026 | Federal Reserve Board, Washington, D.C.

The 9th Short-Term Funding Markets (STFM) Conference is co-organized by the Federal Reserve Board of Governors and the University of Maryland’s Center for Financial Policy.

This year’s keynote speaker is Darrell Duffie, The Adams Distinguished Professor of Management and Professor of Finance at Stanford Graduate School of Business.

The conference will explore key issues in short-term funding markets, including:

  • Maturity and liquidity transformation (and its consequences) by banks, broker-dealers, money market mutual funds, and other financial intermediaries
  • Repo markets and their clearing institutions
  • Theories of frictions and fragility in short-term funding markets
  • Effects of regulation and central bank intervention on funding markets, including the current regulatory environment
  • Securities lending
  • Money creation and the demand for safe assets
  • Fintech and encrypted currency

The STFM Conference brings together practitioners, policymakers, and academics to exchange insights and advance research in the field.

Submissions are now closed.

Previous conference programs (2022–2025) can be found here: View past programs.

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