Bank of England says may toughen rules for non-banks – ZAWYA

Bank of England says may toughen rules for non-banks – ZAWYA

Bank of England says may toughen rules for non-banks Bank of England says may toughen rules for non-banks | ZAWYA MENA Edition HomeBusinessFinancial ServicesArticleBank of England says may toughen rules for non-banks Non-banks can include investment funds and money market funds    LONDON - Volatility in markets during the COVID-19 shock point to underlying issues in the non-bank financial sector and steps may be taken to tighten the rules governing it, Bank of England Governor Andrew Bailey said on Thursday.The BoE's Financial Policy Committee will publish preliminary findings from its assessment of risks from non-banks in early August, Bailey told Britain's finance minister Rishi Sunak in a letter made available to the media.Non-banks can include investment funds and money market funds.The BoE's Financial Policy Committee will publish preliminary findings from its assessment of risks from non-banks in early August, Bailey told Britain's finance minister Rishi Sunak in a letter made available to the media.LONDON - Volatility in markets during the COVID-19 shock point to underlying issues in the non-bank financial sector and steps may be taken to tighten the rules governing it, Bank of England Governor Andrew Bailey said on Thursday."Where appropriate, the assessment will identify gaps in resilience in