Central banks must become ‘market-makers of last resort’ – BoE’s Hauser

Measures used in Covid-19 crisis are insufficient for the long term, BoE official says

Andrew Hauser
Andrew Hauser
Photo: Bank of England/Flickr

Central banks must become “market-makers of last resort” with the ability to backstop market liquidity in crises, a senior Bank of England official has said.

Andrew Hauser, the BoE’s executive director for markets, warned the ad hoc measures used in March 2020 are not suitable for the longer term.

Hauser hinted in his speech on January 7 that the BoE was keen to persuade other central banks to join it in formalising such a framework. He said design features would need to differ between

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.