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BoE to test 'shadow banking' after markets chaos
BoE to test 'shadow banking' after markets chaos
Business and Economy
by  AFP

The Bank of England will test so-called shadow banking institutions such as pension funds, that played a key role in recent UK bond market chaos, it said Tuesday. The crisis, which sparked the downfall of former Conservative prime minister Liz Truss, threw the spotlight on non-banking financial institutions (NBFIs) and their risk to stability, the BoE noted Tuesday.