Bank of England

‘Too big to fail' asset managers could suffer the equivalent of a banking run if a strategy began to suffer, the Bank of England's financial stability director has warned.

Mark Carney said UK interest rates could rise before next May's general election if there are continued sustainable improvements in the economy, according to a report.

The governor of the Bank of England, Mark Carney, has warned the 2% target for inflation became a "dangerous distraction" for the UK's policymakers.

SENATE CONFERENCE

Bank of England governor Mark Carney has said rates could be as high as 3% over the medium term, endorsing comments made by colleague Charles Bean earlier this week.

Last week Investment Week held its Senate Investment Conference, encompassing 11 top speakers from leading asset managers who presented over the course of the two-day event.

With this week marking the five-year anniversary of both record low base rates and the FTSE 100 bottoming, Investment Week looks at the funds that have taken advantage of the subsequent recovery.

M&G's highly-rated bond fund manager Richard Woolnough has said he would raise rates this year if it were up to him - but said such a move could present a buying opportunity.

The Bank of England has suspended an employee as part of a probe into manipulation of the foreign exchange market.

UK EQUITIES