Sector Regulation Sector Regulation

Money-market funds' Covid turmoil exposed gaps in post-crisis reforms, BOE's Bailey says

By Fiona Maxwell
  • 12 May 2021 11:51
  • 12 May 2021 11:51
Last year's "dash for cash" in money-market funds and other parts of the shadow banking sector revealed a serious gap in financial rules put in place after the 2008 global crisis and exposed some potential unintended consequences, the Bank of England's governor has warned.

Andrew Bailey set out in a speech* today (see

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