Central Banks' Financial Resilience Measures

Central banks are contemplating various measures to enhance financial resilience and address market vulnerabilities. The Bank of England is considering rules for the fund industry, similar to those applied on pension strategies, to prevent a fire-sale dynamic in UK bonds. The Financial Stability Board dismisses the need for changes to the global framework following the Credit Suisse debacle, highlighting the need for a public sector backstop. Central banks are also considering lending to hedge funds to address market volatility and reduce risk.