Bank of England in talks with China over currency swap

clock

The Bank of England has revealed it is in talks with the People's Bank of China over a currency swap deal that could help ensure greater financial stability.

Outgoing Bank governor Mervyn King (pictured) met with PBC chief Zhou Xiaochuan in Beijing to discuss a reciprocal 3-year renminbi/sterling currency swap arrangement. The arrangement - which King said...

To continue reading this article...

Join Investment week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Wealth managers

The recommendations come as the UK asset management sector looks to be more competitive in the wake of Brexit.

IIMI: Four key ways to improve UK asset management sector

Wake of Brexit

Melanie Boulton
clock 25 May 2022 • 2 min read
Alex Hoctor-Duncan of River and Mercantile Group

FCA approves AssetCo takeover of River and Mercantile

Important milestone in transaction

Lauren Mason
clock 19 May 2022 • 1 min read
Chancellor Rishi Sunak has an "ambitious vision" for UK financial services. Photo: UK Parliament CC BY 3.0

HM Treasury in conversation with FCA over PRIIPs

Part of wider review

clock 16 May 2022 • 1 min read
Trustpilot