A Bank of England policymaker charged with overseeing the banking sector said he had big concerns about the risk of British banks being hurt by trouble among their peers elsewhere in the European Union.
Anil Kashyap, a newly appointed member of the BoE’s Financial Policy Committee, made the comments in a submission to a British parliamentary committee.
“I am particularly worried about contagion from stress coming from the European banks and whether there might be linkages — perhaps indirect — between them and the largest UK banks,” Kashyap wrote.
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