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Market participants must prepare for sharp margin calls, BOE says

( July 18, 2024, 13:22 GMT | Official Statement) -- MLex Summary: Non-bank market participants in the UK need to better prepare for liquidity needs that will arise in times of stress, a Bank of England official has said. Enhancing liquidity preparedness to meet collateral requests will “go a long way toward reducing pro-cyclical behaviors in response to large margin calls and preventing the liquidity crises that have amplified past financial shocks,” Nathanaël Benjamin, the BOE's executive director for financial stability, said today. That will require a high degree of transparency, effective stress testing and improvements to operational processes, Benjamin said.Please see the attached PDF for the speech by Nathanaël Benjamin of the Bank of England....

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