Market Resilience, Non-Bank Financial Institutions And The Central Bank Toolkit – Practical Next Steps− Speech By Nick Butt, Bank Of England Head Of The Future Balance Sheet Unit - Given At ISDA Virtual Conference On Procyclicality And Margin Practices

In this speech, Nick Butt, the head of the Future Balance Sheet Unit, outlines the importance of non-bank financial institutions to financial stability in the UK. He explains why this means we must take steps to improve their resilience and also develop tools that can address dysfunction in core markets when it can cause a threat to financial stability. And he outlines the practical next steps the Bank is taking to do this.

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