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Non-bank policy changes will be suggested in FSB review after March market turmoil, BOE says

( November 12, 2020, 16:30 GMT | Official Statement) -- MLex Summary: Potential policy changes for non-banks will be set out by the Financial Stability Board as international policymakers seek to better understand March's extreme turmoil in financial markets, Bank of England deputy governor Jon Cunliffe said in a speech today. The FSB work, announced earlier this year, will outline how the non-bank sector fared at the height of the pandemic, as well as set out a “comprehensive workplan” of issues that need further attention, and possible policy changes. An important question raised by the event is whether central banks have the necessary tools to “meet their objectives for both monetary and financial stability in an effective and efficient way,” Cunliffe said.The speech is attached...

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