Rapid growth in the Bank of England’s (BoE) balance sheet in recent years calls for stronger risk management, which the central bank is now implementing, executive director Andrew Hauser said on March 7.

The BoE has taken on large quantities of assets under its quantitative easing programme, but has also exposed itself to various contingent liabilities via its banking supervision and macro-prudential duties. By saying it is “open for business”, a wider range of banks and non-banks can now draw