Executives from some of biggest asset managers told BoE governor that financial markets should close for two weeks – WSJ

Reuters has picked on a piece in the Wall Street Journal that states that “executives from some of biggest asset managers told Bank of England’s new governor on Monday that financial markets should close for two weeks.

Key notes

• BoE’s Bailey held call with senior executives from asset managers including Vanguard, Blackrock, JPMorgan and bank of new york Mellon Corp – WSJ
• Majority of participants on call with BoE’s bailey said they didn’t think shuttering markets would help address deepening crisis from coronavirus – WSJ