{"id":8970,"date":"2008-10-28T00:00:00","date_gmt":"2008-10-28T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"boes-gieve-says-markets-still-under-acute-strain","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2008\/boes-gieve-says-markets-still-under-acute-strain.html","title":{"rendered":"BOE&#8217;s Gieve Says Markets Still `Under Acute Strain&#8217;"},"content":{"rendered":"<p>Bloomberg &#8211; Bank of England Deputy Governor John Gieve said investors are still facing &#8220;acute&#8221; stress as market declines force hedge funds to sell assets. <\/p>\n<p>&#8220;The financial system remains under acute strain,&#8221; Gieve said in a speech in London today. &#8220;The falls in equity markets, corporate bond prices and the prices for leveraged loans is hitting both long-term institutional investors and leveraged investors, including hedge funds.&#8221; <\/p>\n<p>The Bank of England said in a semi-annual report that $2.8 trillion in banking losses and the threat of a global recession are increasing risks to financial stability. Meanwhile, Prime Minister Gordon Brown yesterday suggested he may scrap decade- old fiscal rules to prop up the banking system as the nation faces its first recession since 1991. <\/p>\n<p>Investment losses at hedge funds and insurers pose further risks to the system, the central bank&#8217;s report said, as insurers may fall short of capital requirements and face credit rating downgrades, while hedge funds may be forced to sell assets. <\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.bloomberg.com\/apps\/news?pid=20601068&#038;sid=aR4JzxjfXoWU&#038;refer=economy\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Bank of England Deputy Governor John Gieve said investors are still facing &#8220;acute&#8221; stress as market declines force hedge funds to sell assets. &#8220;The financial system remains under acute strain,&#8221; Gieve said in a speech in London today. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[3248,2980,3130,3413,2833,517,276,3131,1137,3318,2834,857,3415,2738,1141,3414],"class_list":["post-8970","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-basel-miami-beach","tag-bond-portfolio","tag-british-government-officials","tag-dealbreaker","tag-european-exchange","tag-founding-partners","tag-fourth-quarter","tag-global-asset-allocation","tag-governor-of-the-bank-of-england","tag-hussman-strategic-growth-fund","tag-legal-advice","tag-luqman-arnold","tag-net-income","tag-private-ownership","tag-secrecy","tag-volatile-financial-markets"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8970","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=8970"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8970\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}