Haldane explains that the recent financial crisis exposed failures in the information systems of many firms, with few having the means to aggregate quickly information on exposures and risks. This hindered effective consolidated risk management, which proved terminal for some firms. And he notes that such problems were even more acute across firms, contributing “…importantly to failures in, and seizures of, many of the world’s core financial markets.”
Published on 14 March 2012
// News // Monetary Policy Committee (MPC)
Bank Rate maintained at 0.75% - September...
Bank Rate maintained at 0.75% - September 2019
// News // News release