<ul data-eligibleForWebStory="false"><li>Bank of England Governor Andrew Bailey emphasized the need for 'global cooperation and engagement' at a G20 meeting that was missing US Treasury Secretary Scott Bessent.</li><li>Bailey highlighted economic and geopolitical tensions, high global debt vulnerabilities, and growth uncertainty.</li><li>He outlined priorities as chair of the Financial Stability Board, focusing on nonbank financial institutions, private finance, and stablecoins.</li><li>Bailey also mentioned plans for implementing policies for NBFIs, assessing risks related to private credit, and monitoring the evolution of stablecoins to address global financial system risks.</li></ul>

BOE’s Bailey urges ‘global cooperation and engagement’ at G20

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