Financial Services

Treasury written question – answered on 24th June 2019.

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Photo of Lord Myners Lord Myners Non-affiliated

To ask Her Majesty's Government what assessment they have made of any (1) systemic risk arising from open-ended investment funds investing in leveraged sub-investment grade bonds and debt issues by developing world nations denominated in G7 currencies, and (2) risks arising from such maturity transformation.

Photo of Lord Young of Cookham Lord Young of Cookham Lord in Waiting (HM Household) (Whip), Lords Spokesperson (Cabinet Office)

The question has been passed to the Bank of England. The Bank of England will reply directly to Lord Myners by letter. A copy of the letter will be placed in the Library of the House.

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