Swap line availability not assured, warns Bill Allen

William Allen
Bill Allen

Central banks may not be able to replicate their use of swap lines during the financial crisis, Bill Allen has warned, despite the "enormous service" they provided.

Speaking on the sidelines of the Central Banking Autumn Training Series, held at Christ's College, Cambridge, Allen said: "I don't know if the swap lines would be available again, and nor does anybody else."

Allen, a visiting senior fellow at Cass Business School, warned national legislatures had become "more inquisitive" about

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