Cunliffe at his reappointment hearing
That's a common refrain but I don't really see how it plays out. Like the market just goes 'no bid'?
Naturally, he's talking about less-traded products but if you're invested in those, you must know that you're taking a liquidity risk.
In any case, I don't see how that can spiral into a crisis.
More from Cunliffe:
- BOE may be underestimating labor supply
