BoE’s Kashyap Says Worried About Spillover from EU Banking Woes

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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Craig Erlam

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam
Craig Erlam

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