Reported about 6 hours ago
The Bank of England (BOE) has issued a warning that hedge funds, asset managers, and pension providers may not be adequately prepared for financial crises, urging international collaboration to address growing risks in the non-banking sector. Following an extensive review, the BOE identified vulnerabilities in the repo financing markets and the sterling corporate bond market, highlighting that collective actions by firms could exacerbate market shocks. The bank stressed the importance of improved data collection and risk management to ensure resilience, especially as geopolitical tensions and uncertainty increase in the global financial landscape.
Source: YAHOO