BoE's Haldane says asset managers the 'next frontier' for macro-pru policy
Bank's executive director for financial stability says 'age of asset management may be upon us'
How to moderate excessive swings in risk premia across financial markets that risk damaging the financial system is the "next frontier for macro-prudential policy," the Bank of England's executive director for financial stability Andrew Haldane said today in a speech in London.
Noting that macro-prudential policy to date has been focusing on the risks arising from leverage on the balance sheet of banks – the quantity of risk – Haldane argued that if risk in the financial system is "shaped
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