The state of the financial markets - speech by Paul Fisher

In a speech delivered at the Institutional Investor Institute, MPC and FPC member Paul Fisher reviews the recovery in the financial markets since their seizure at the height of the crisis in 2008.
Published on 30 June 2011

Progress so far is described as a ".gradual healing." but the recovery ".has been neither uniform nor smooth". For example, UK bank funding markets have remained open in 2011, allowing maturing funding to be replaced and support from the authorities to be repaid, despite the sovereign debt crisis in Europe, natural disaster in Japan and civil unrest in North Africa and the Middle East.

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