Home \ Keywords \ Risk

You are here


Asset management poses mounting risk to stability, BoE warns

"Regulatory pressure for a clampdown on the world’s $87tn asset management sector intensified on Friday as a leading Bank of England policy maker warned the industry posed mounting risks to financial stability.

"Andy Haldane, a member of the BoE’s Financial Policy Committee, warned that the asset management industry risks exacerbating the financial sector’s boom-and-bust cycles and urged supervisors to develop new regulatory tools to deal with this challenge.