By Stefan Boscia
Kwasi Kwarteng has told a group of investment bank executives that he is “working closely” with the Bank of England to calm markets.
Kwarteng and City minister Andrew Griffith said during a roundtable that the government has a “clear commitment to fiscal discipline” and outlined coming post-Brexit changes to financial services regulations, according to the Treasury.
Executives from UBS, Bank of America, Morgan Stanley, Citi and JP Morgan Chase were among those in attendance.
It comes as the Bank of England today announced it would start buying government bonds to stabilise the market.
More to follow
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