Non-bank sector risks needs surveillance and remedy tools, BOE governor Bailey warns
( October 22, 2024, 13:50 GMT | Official Statement) -- MLex Summary: The non-bank financial industry is evolving in a way that requires the Bank of England to explore surveillance and remedy tools — not just regulation — governor Andrew Bailey said today. Speaking in New York, he said the risks stemming from the non-bank industry aren't new and that the sector is growing and needs further attention. The BOE governor mentioned the importance of the stress tests the bank is conducting, the results of which will be published this year.Speech is attached....
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