Financial Services Financial Services

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

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Fiona Maxwell

Senior Correspondent

Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.

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