Analysis, Shadow Banking

BoE builds ‘backstop facility’ for nonbanks over liquidity risk concerns

By Blake Evans-Pritchard
liquidity risk
Image via Getty

The Bank of England’s deputy governor for markets and banking has said nonbanks will be able to tap up a backstop facility amid concerns over elevated liquidity risk hitting the fast-growing sector.

Dave Ramsden used a speech earlier this month to say that nonbank ...

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