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Written question asked by Baroness Bennett of Manor Castle (Green Party) on Wednesday, 2 April 2025, in the House of Lords. It was due for an answer on Wednesday, 16 April 2025. It was answered by Lord Livermore (Labour) on Wednesday, 9 April 2025 on behalf of the Treasury.


Foreign Exchange

Question

To ask His Majesty's Government what assessment they have made of (1) the possibility of, and (2) dangers from, a 'liquidity mirage' in foreign exchange markets.

Answer

The Bank of England’s Financial Policy Committee is responsible for identifying, monitoring and addressing any risks that threaten the resilience of the UK financial system, including foreign exchange markets.

UK regulators, and the Bank of England, in conjunction with their counterparts in other jurisdictions, monitor markets, including foreign exchange markets so as to ensure that they support the UK financial system and economy.


Secondary information

Type
Written question
Reference
HL6472
Session
2024-26
Subjects
Insolvency Foreign exchange
Link
View this Written question on www.parliament.uk