BoE's Gieve on financial system risks in the UK

In the speech 'Financial system risks in the UK - Issues and challenges' given on 25 July Sir John Gieve of the Bank of England said the probability of a contagious financial crisis may have fallen but its impact, if it ever happened, could be more widespread than in the past.

In the speech Gieve did not touch on the current outlook for monetary policy, but reiterated many of the points made in the central bank's Financial Stability Report about vulnerabilities in the current system.

While

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