BOE’s Cunliffe: Not complacent about risks from housing market

“We are not complacent about risks from the housing market,” the Bank of England (BOE) Deputy Governor Jon Cunliffe said while speaking alongside Governor Andrew Bailey following the release of the central bank’s Financial Policy Committee (FPC) statement.

Additional comments

We are committed to outcomes-based equivalence, but both sides need to want that.

Decision for the EU whether its firms should be able to use the UK-based clearing houses.

We cannot have the EU decision on clearing lead to stress and disorder in markets.

We have seen 'very strong' growth in house prices and transactions.

Structural factors, as well as government support, are driving rise in house prices.

We are not complacent about risks from housing market.

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