BOE’s Hauser Calls for New Central Bank Tools to Tackle Market Upheavals
By William Schomberg
January 7, 2021, Reuters
Financial markets are likely to be hit more often by the kind of upheaval unleashed by the COVID-19 pandemic and central banks need new tools to deal with powerful investment firms at the heart of such events, a Bank of England official said.
Non-bank companies, which include pension managers, money market funds and hedge funds, now account for about half of the world’s financial assets.
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