BoE governor warns ‘alarm bells’ ringing over private credit market
Andrew Bailey draws parallel with practices before 2008 financial crisis
Andrew Bailey draws parallel with practices before 2008 financial crisis

BoE governor was speaking as central bankers debate rising trade barriers including from Donald Trump’s policies

Fewer restrictions on financial sector pay following changes by central bank

Financial crises and their consequences may be harder to arrest today than in the past

Warning that banks may find it difficult to manage risks comes a day after HSBC disclosed $400mn hit

Regulators gain more flexibility if ‘bail-in’ process is required in response to a crisis

City minister welcomes move to take lenders off the ‘naughty step’