A Local Culinary Adventure: inspired by Halifax's Seaport Market | SaltWire #cooking #cookingtipsLONDON - The Bank of England said on Tuesday that money market funds should hold"significantly" higher amounts of liquid assets to cope with market volatility after the sector struggled with a"dash for cash" during the COVID-19 pandemic.
The BoE's Financial Policy Committee said the 250 billion pound sterling money market funds sector, widely used by companies for day-to-day funding and parking cash overnight, needs to be more resilient to shocks. "Significantly more liquid assets than currently required is likely to be the most effective way to increase MMF resilience and so reduce risks to financial stability," the BoE's Financial Policy Committee said in a statement.