BoE’s Haldane backs pension-sourced financing

An executive director at the Bank of England believes pension schemes and other long-term asset owners could fill the lending gap left by banks

An executive director at the Bank of England has highlighted the role that pension schemes and other long-term asset owners can play as banks continue to step away from financing.

Speaking at a conference organised by Intellect, an association representing the UK's technology industry, Andy Haldane, executive director for Financial Stability at the Bank of England said pension funds and other funds could fill the gap in financing.

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