BoE's Gieve on pricing for perfection

In the speech 'Pricing for perfection' given on 14 December John Gieve of the Bank of England warned that while the UK financial system remains stable some vulnerabilities have edged up.

Speaking to investors, Gieve said that in the search for better returns, financial firms may not be as vigilant as they should be.

"A number of vulnerabilities have edged up a little as leveraged buy-out (LBO) activity and commercial property lending have grown and as the number of personal insolvencies has

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