LONDON, March 22 (Reuters) - The Bank of England said on
Wednesday that more volatility and sharp moves in asset prices
could expose weaknesses in Britain's market-based finance
system.
"Should there be further volatility and/or sharp moves in
asset prices, there are risks it could trigger the
crystallisation of previously identified vulnerabilities in
market-based finance, amplifying any tightening in credit
conditions," BoE Governor Andrew Bailey said in a letter to
parliament's Treasury Committee.
(Reporting by Andy Bruce, Editing by Kylie MacLellan)
Messaging: @brucereuters))
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