## Identities of Shadow Banks That Use New BOE Tool to Be Secret

- BOE fears disclosure stigma would worsen financial instability

- Pension funds, insurance firms and LDI funds to get access

The Bank of England will hide the identities of any pension funds, insurers or hedge funds bailed out under a new financial stability tool to prevent a wider crisis engulfing the economy, Deputy Governor Dave Ramsden said.

The BOE has accepted submissions by so-called “shadow banks” that “revealing too much information could create stigma” about using the bail-out tool, which would undermine any rescue effort and risk creating more financial instability, he said in a speech on Monday.