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BoE's Breeden: More research into non-bank lenders needed to prevent potential crises - reports
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During a speech earlier today (26 February), Breeden said that a change in the willingness of non-banks, or market-based finance, to lend to corporates, particularly those that are highly leveraged, would have «significant implications» for the real economy. According to the FT, she told academics and researchers at a Bank of England conference in London that a credit crunch could be «sourced in market-based finance rather than bank lending». BoE flags challenges of evaluating private credit risks to financial stability In January, the Bank of England said that non-banks account ...
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