Risk of dealers exiting from market-making 'much reduced', says BoE's Cunliffe
Deputy governor for finanical stability discusses too big to fail
While much has been done to make the financial system more resilient, two key elements needed to reduce the likelihood of failure - international standards on leverage and net stable funding ratios - are still in the agreement stage, Jon Cunliffe, deputy governor for financial stability at the Bank of England (BoE) said in a speech today.
Noting that the BoE's Financial Policy Committee (FPC) is reviewing whether a leverage ratio framework should be introduced in the UK in advance of the
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