Britain’s Shadow Banking System Is Raising Serious Concerns After Bond Market Storm

  • Posted on October 06, 2022
  • News
  • By FC Team

LONDON — After last week’s chaos in British bond markets following the government’s Sep. 23 “mini-budget,” analysts are sounding the alarm on the country’s shadow banking sector.The Bank of England was forced to intervene in the long-dated bond market after a steep sell-off of U.K. government bonds — known as “gilts” — threatened the country’s financial stability.

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