BoE and Citadel clash over Sifi status for funds

Asset managers could pose systemic risk, says BoE official

The Bank of England
Bank of England

Asset managers face growing liquidity risks – the result of reforms that have made banks less able to play their traditional market-making role – and the financial system is not well equipped to manage them, according to Sarah Breeden, head of the markets, sectors and inter-linkages division in the financial stability unit of the Bank of England (BoE). "The fallout from the financial crisis and the regulatory response to it may mean liquidity risk getting harder to manage given th