BoE agents shift perspective towards shadow banking
Agents 'particularly useful' in gathering information on non-bank finance
The Bank of England's (BoE) network of agents have found themselves with greater responsibilities as the importance of tracking financial measures, particularly for non-banks, grows in accordance with the central bank's broadened mandate.
The agents, scattered across 12 regional offices, have traditionally provided the link between the BoE and businesses throughout the UK. They gauge sentiment and economic conditions in the real economy, and provide a line of contact for senior policymakers to
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