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Bank Of England: Minutes Of The SONIA Stakeholder Advisory Group

Bank Of England: Minutes Of The SONIA Stakeholder Advisory Group
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Capital markets are missing the human touch


By Ralph Sinclair
17 Dec 2020
If central bank and government support was the scaffold that propped up the vast amount of funding done in lockdown, then long-held relationships between institutions between people were the bolts holding it together. The longer those in markets spend apart, writes Ralph Sinclair, the weaker those links will grow.
“It is starting to feel as if it would be nice to have some more human contact with our teams,” confesses Eila Kreivi, head of capital markets at the European Investment Bank.
It is a view that echoes around capital markets. Working from home in lockdowns aimed at stifling the spread of the coronavirus pandemic began in March. It was a novelty at first  and for many, a relief.  ....

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