Given at the OMFIF City Lecture, Chris Salmon Executive Director of Markets, considers the importance of central banks understanding the structure and functioning of core financial markets, with reference to two recent developments in different markets.
First, Chris focuses on the lessons learned about market functioning from the period immediately after the EU referendum and from the sterling ‘flash crash’. He then explains how the Bank’s analysis of market structure shaped the design of our corporate bond purchase scheme, and how the scheme may have affected the functioning of the market.
Download speech 