Liquidity & Funding Risk 2013: Don't rely on forward guidance, say ALM chiefs

Mark Carney
Mark Carney, BoE governor

Bank of England (BoE) governor Mark Carney's much-discussed policy of providing guidance on future interest rate changes is of limited use to treasurers when it comes to funding plans, the Liquidity & Funding Risk conference heard yesterday.

Asked whether they paid more attention to the BoE or market rates when planning future funding decisions, a panel of treasury executives agreed banks should not rely on guidance alone. "I still look at the curve," said Stuart Turner, senior treasury dealer

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