{"id":2490,"date":"2007-11-02T14:10:12","date_gmt":"2007-11-02T14:10:12","guid":{"rendered":"https:\/\/mmm.9dotdigital.ca\/?p=2490"},"modified":"2025-03-27T15:48:33","modified_gmt":"2025-03-27T15:48:33","slug":"uk-banks-forced-to-support-financial-counterparties","status":"publish","type":"post","link":"https:\/\/mmm.9dotdigital.ca\/?p=2490","title":{"rendered":"UK banks forced to support financial counterparties"},"content":{"rendered":"<p>Third-quarter figures on bank lending by sector released by the Bank of England today suggest banks provided massive support to off-balance sheet vehicles, hedge funds and other financial intermediaries during the August \/ September market dislocation. The chart aggregates the flow of new sterling lending to three industries: &ldquo;other financial intermediaries&rdquo;, &ldquo;fund management activities&rdquo; and &ldquo;other auxiliary activities&rdquo;. The third-quarter total of &pound;41 billion is a record and amounts to 19% of the outstanding stock of loans to these industries&nbsp;&ndash; equivalent to a 99% annualised growth rate! <\/p>\n<p><span class=\"full-image-float-none\"><img decoding=\"async\" style=\"width: 500px; height: 300px\" alt=\"UKBankLendingToIntermediaries.jpg\" src=\"\/storage\/UKBankLendingToIntermediaries.jpg\" \/><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Third-quarter figures on bank lending by sector released by the Bank of England today suggest banks provided massive support to off-balance sheet vehicles, hedge funds and other financial intermediaries during the August \/ September market dislocation. The chart aggregates the flow of new sterling lending to three industries: &ldquo;other financial intermediaries&rdquo;, &ldquo;fund management activities&rdquo; and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-2490","post","type-post","status-publish","format-standard","hentry","category-money-moves-markets"],"_links":{"self":[{"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=\/wp\/v2\/posts\/2490","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2490"}],"version-history":[{"count":1,"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=\/wp\/v2\/posts\/2490\/revisions"}],"predecessor-version":[{"id":4799,"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=\/wp\/v2\/posts\/2490\/revisions\/4799"}],"wp:attachment":[{"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}