Fears of return to high-risk casino style finance as Ministers seek to ease rules

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Belgique Dernières Nouvelles,Belgique Actualités

Banks still need to improve their risk management and learn the lessons from financial crises that have hit markets, regulators at the Bank of England have warned

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“During 2022, the market reaction to Russia’s invasion of Ukraine, and volatility in the nickel and long-dated gilt markets, reinforced the importance of a robust risk culture and sound risk management practices at firms,” the letters stated. They told insurers that the mini-Budget that sparked a meltdown in UK bond markets, revealing liquidity, had highlighted gaps in firms’ risk management frameworks, which required remedying.

 

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Belgique Dernières Nouvelles, Belgique Actualités