L&G said that it had met with regulators on a regular basis, with a handful of meetings involving representation of the BoE, the FCA and the Prudential Regulation Authority.
“It was clear that during the course of those discussions that they were thinking about whether there was an intervention required from the BoE,” Wilson said.
Article continues after advert
“We were just explaining that the gilt market was a lot more fragile than we’d ever seen before, and relatively small amounts of volumes were causing very large price movements.”
Alex Janiaud is deputy editor at FTAdviser's sister publication Pensions Expert
Page 3 of 3
