BoE FPC: Markets may ‘jump to illiquidity’ if stressed


“Material debt vulnerabilities” and “structural illiquidity” could amplify any future shock to the global economy, which is already looking fragile in the face of deepening trade disputes, the Bank of England’s Financial Policy Committee warns.

In a summary of the FPC’s latest meeting, published today (October 9), the BoE warns of high and rising debts in China, Hong Kong and the US – all major markets to which UK banks are exposed.

FPC members note the trade war has “put further downward

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