The change concerns undisclosed (or unnamed) principal trading, which typically occurs when a fund manager deals with a market counterparty but does not disclose full details of the client (i.e. the principal) for whom it is dealing, because the client wishes to preserve anonymity in the market. Financial institutions trading with undisclosed principals are potentially unable to assess their credit exposures and legal risks.
Published on 28 May 2003
// News // News release
Bank of England stress testing results to...
Bank of England stress testing results to be published on 10 December 2019
// News // Market notice