BOE's Mark Carney with his financial stability hat on

  • Crisis could trigger a broader market adjustment
  • Greek events have made the stability outlook worse
  • Events in Greece have moved quickly
  • ECB has shown willingness to use all tools
  • Is in close contact with European counterparts on Greece
  • UK relatively well insured form Greek crisis
  • UK economic growth has been solid
  • Risks from low inflation and high debt have reduced
  • Sees increased risks in EM's
  • China policy makers face a challenging balancing act

Carney comments after the publication of the latest BOE financial stability report