hendragon
Member of DD Central
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Post by hendragon on Sept 30, 2022 10:21:31 GMT
Like many other people I initially thought that the recent intervention of the BoE in the gilts market was (a) not their fault and (b) unexpected. It seems that this needs a rethink. Alex Brummer of the Mail is a journalist (one of the few) worthy of respect. His recent article on LDI s and the culpability of regulatory authorities makes interesting reading. www.thisismoney.co.uk/debate/columnists/columnist-1001421/Alex-Brummer-for-the-Daily-Mail.html. If Mr Bailey made a cock-up of the FCA it appears that he may well make an even bigger and more serious cock-up in the BoE. |
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Sept 30, 2022 10:52:14 GMT
Like many other people I initially thought that the recent intervention of the BoE in the gilts market was (a) not their fault and (b) unexpected. It seems that this needs a rethink. Alex Brummer of the Mail is a journalist (one of the few) worthy of respect. His recent article on LDI s and the culpability of regulatory authorities makes interesting reading. www.thisismoney.co.uk/debate/columnists/columnist-1001421/Alex-Brummer-for-the-Daily-Mail.html. If Mr Bailey made a cock-up of the FCA it appears that he may well make an even bigger and more serious cock-up in the BoE. Surely Carney dropping the ball on that one, though Bailey would have been involved as BoE was supposed to be working with FCA on the issue
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hendragon
Member of DD Central
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Post by hendragon on Sept 30, 2022 11:00:58 GMT
Although Mr Carney does bear some responsibility, Bailey must have been aware of the problem and could and should have sorted it out. Legacy issues become the responsibility of the new leader. Something Mr Rathi is discovering.
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adrianc
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Post by adrianc on Sept 30, 2022 12:37:29 GMT
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jo
Member of DD Central
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Post by jo on Sept 30, 2022 12:55:34 GMT
Like many other people I initially thought that the recent intervention of the BoE in the gilts market was (a) not their fault and (b) unexpected. It seems that this needs a rethink. Alex Brummer of the Mail is a journalist (one of the few) worthy of respect. His recent article on LDI s and the culpability of regulatory authorities makes interesting reading. www.thisismoney.co.uk/debate/columnists/columnist-1001421/Alex-Brummer-for-the-Daily-Mail.html. If Mr Bailey made a cock-up of the FCA it appears that he may well make an even bigger and more serious cock-up in the BoE. Grown-ups will know that Mr Brummer is correct - irrespective of the publishing medium.
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