Central banks need to monitor non-bank risks more – Bailey
Governor expects BoE to release results of stress exercises on sector by end of year
Central banks need new surveillance and liquidity provision tools to address the increasingly important non-bank sector, the Bank of England (BoE) governor has said.
Speaking at the Bloomberg Regulatory Forum in New York on October 22, Andrew Bailey noted that there had been a shift in financial intermediation towards non-banks. This, he said, was partly a result of the increased scrutiny of traditional banking following the global financial crisis.
He emphasised that regulation alone would not be
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