Bank wants to avoid repeat of situation that followed Kwasi Kwarteng’s calamitous mini-budget
The Bank of England has called for tougher rules governing pension schemes and major lenders outside the banking mainstream as it seeks to restore confidence in the wider financial system.
British banks remain resilient to further financial shocks, the Bank said but there was greater urgency to make non-bank finance companies that lend trillions of dollars globally more resilient.
Continue reading…Bank wants to avoid repeat of situation that followed Kwasi Kwarteng’s calamitous mini-budgetThe Bank of England has called for tougher rules governing pension schemes and major lenders outside the banking mainstream as it seeks to restore confidence in the wider financial system.British banks remain resilient to further financial shocks, the Bank said but there was greater urgency to make non-bank finance companies that lend trillions of dollars globally more resilient. Continue reading…