Deputy governor for financial stability concerned about financial markets and the impact of a US interest rate rise A leading Bank of England policymaker has expressed concerns about the “fragility of the global financial markets as he warned against any watering down of regulatory reforms eight years on from the financial crisis.“I execute contemplate financial markets at the moment are quite fragile,” said Sir Jon Cunliffe, a deputy governor for financial stability. Cunliffe said he was not too concerned about the recent sharp falls in China feeding through to other stock markets but highlighted a lack of liquidity in global markets. This, or he said,could construct it more difficult to sell some investments in strained circumstances. Related: Tougher banking rules must stay, says Bank of England deputy governor Continue reading...
Source: theguardian.com