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Financial market vulnerabilities of March 2020 will repeat themselves without policy, BOE exec says

( May 19, 2021, 10:36 GMT | Official Statement) -- MLex Summary: The dysfunction seen in financial markets in March 2020 — known as the “dash for cash” — will repeat itself unless action is taken to address the vulnerabilities that remain, an external member of the Bank of England’s Financial Policy Committee said today. Jonathan Hall suggested six potential actions to address the vulnerabilities, calling on regulators to address not just points of failure, but the underlying causes.Speech attached....

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