Financial Services Financial Services

Failure to regulate LDI responsible for financial chaos, former UK leader Truss says

By Phoebe Seers
  • 18 Sep 2023 15:43
  • 18 Sep 2023 15:45
Former UK prime minister Liz Truss has blamed the financial chaos of her short tenure last autumn on the failure to regulate "liability-driven investment" products.
Truss said she’d never heard of LDI products before publishing a pivotal budget statement in September 2022 and had she been made aware of it she

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Phoebe Seers


Phoebe has covered Financial Crime and compliance issues for MLex since 2015, initially in the Hong Kong bureau and currently in London. While in Hong Kong she won two SOPA awards for her reporting on corruption in the energy sector in Indonesia. Prior to journalism she worked as a solicitor with a focus on white-collar crime litigation in London and Hong Kong. She has a BA in English and Philosophy from Newcastle University.

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