MARKETS
Non-banking stress tests, regulating consultants and pension fund governance are on the minds of regulators after the U.K. liquidity crisis.
The bank plans to start unwinding its emergency gilt purchase program aimed at blunting the impact on LDI funds and bond market.
The pound posted its biggest loss since early October after the Bank of England signaled its peak rate was likely to be lower than implied by markets.
The ECB doubled its key interest rate to the highest level in more than a decade and signaled it's making progress in fighting inflation.
There are still "plenty of places" to find opportunities in these troubled times, Renee Bowen told attendees at Defined Contribution West conference.
Rishi Sunak was confirmed to be the next prime minister as the U.K. faces what he called "a profound economic crisis."
Liz Truss resigned as U.K. prime minister, acknowledging that she could not "deliver the mandate" on which she was elected.
U.K. Prime Minister Liz Truss appointed Jeremy Hunt as Chancellor of the Exchequer following bond market turmoil triggered by a short-lived economic plan.
The Bank of England should consider extending the duration of its emergency intervention in U.K. bond markets, industry sources say.
The Bank of England further extended its bond-buying program to include index-linked gilts, in efforts to thwart risks to financial stability.
