Oral evidence: Bank of England Financial Stability Reports, HC 674
· 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 · Andrew Bailey Wiki · Bank of England WikiOral evidence: Bank of England Financial Stability Reports, HC 674ContextHearing of the Governor before the House of Commons Treasury Committee on the Financial Stability Report.
Why it mattersBailey tells MPs that market pricing does not reflect geopolitical risks.
Problems raised- Geopolitical tensions threaten financial stability.
- Risk pricing does not match worries.
- Shocks could cause volatile reactions.
Solutions proposed- Monitor geopolitical and fragmentation risks.
- Prepare for volatile market reactions.
- Report risks clearly to Parliament.
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