Michael D Gill Memorial Society Lecture
24 October 2024 · Andrew Bailey , Governor of the Bank of England (United Kingdom)
Summary written by Dark Majestic in its own words · topics: financial stability , trade, fragmentation and geopolitics
AB 24 Oct 2024 · Andrew Bailey Wiki · Bank of England Wiki Michael D Gill Memorial Society Lecture Context Text of the Michael D Gill Memorial Society Lecture by Andrew Bailey, Governor of the Bank of England, at the Commodity Futures Trading Commission (CFTC), Washington DC, 24 October 2024.
Why it matters Bailey recalls how hidden correlated positions can turn stress into a cascade across markets.
Problems raised Trades were piled up with poor risk management. Risks and correlated positions can be hidden. Stress can cascade across markets. Solutions proposed Run market-wide stress exercises. Find concentrations and obstructions. Test behavioural reactions to stress. Read full speech on bis.org ↗ More from Andrew Bailey · Bank of England · all speeches
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