LONDON: ‘ Bank of England says primed for action over Greek crisis ‘

#AceFinanceNews – Featured LONDON (Reuters) – The Bank of England said on Wednesday it stood ready to take any action required in response to Greece’s worsening debt crisis, and warned that lack of liquidity left financial markets vulnerable to a sell-off.

Greece’s troubles were the most rapidly looming threat to financial stability in Britain, the BoE said, but other dangers came from a record current account deficit, highly indebted housing market and threats to banks from computer hackers and misconduct by their own staff.

The greater focus on financial markets highlights the BoE’s growing interest in areas beyond formerly troubled banks, potentially setting up a clash with other regulators and the asset-management industry.

Bank of England says primed for action over Greek crisis

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