UK’s Hunt: is not going to do something that compromises monetary stability

LONDON: British finance minister Jeremy Hunt mentioned that he wouldn’t do something that compromises monetary stability following the collapse of Silicon Valley Financial institution and difficulties at Credit score Suisse which despatched shockwaves by the finance sector.

“The reassurance that I need to give everyone seems to be that we’ll not do something that compromises monetary stability, we is not going to unlearn the teachings of the monetary disaster,” he advised a parliamentary committee on Wednesday.

UK Funds: Hunt units out his plan for development

Hunt had been requested whether or not he deliberate to do away with ring fencing for banks.