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

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

Reuters

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

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