off-the-wire

Bank of England's Bailey says no stress in UK banking system

Kitco Media
By Reuters
Published:
Updated:
Reuters
LONDON, March 28 (Reuters) - Bank of England Governor Andrew Bailey said on Tuesday that stress was not being caused in the British banking system by recent problems that have triggered turmoil elsewhere, but the central bank remained vigilant.


"I don't think that any, and we've said this, that any of these features cause stress in the UK banking system," Bailey
told parliament's Treasury Committee.


"We are in a period in very heightened, frankly, tension and alertness."
(Reporting by William Schomberg, writing by Sarah Young)

Messaging: sarah.young.thomsonreuters@reuters.net))
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.