off-the-wire

Bank of England: more volatility could expose UK financial weak spots

Kitco Media
By Reuters
Published:
Updated:
Reuters

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
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.