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Risks outside the banking sector have been ‘neglected’ by UK financial regulators, former BOE official says

By Fiona Maxwell ( November 22, 2022, 17:17 GMT | Insight) -- Financial regulators have neglected non-bank institutions, which have been responsible for several events of market turmoil in recent years, a former Bank of England deputy governor told UK lawmakers today. The UK's Financial Policy Committee should take action to raise collateral requirements due to excessive leverage in the shadow banking system, Paul Tucker said.Non-bank financial institutions have been allowed to take excessive risks as regulators have essentially ignored this sector, a former Bank of England deputy governor told UK lawmakers today....

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