The Bank has been keen to eliminate any fears that the banking sector is coming under severe strain after a number of bank failures in the US triggered a loss of confidence in Credit Suisse.
The bank said on Wednesday that it is recommending the pension regulator"takes action as soon as possible to mitigate financial stability risks" by requiring funds to hold enough liquidity so that they can withstand, at a minimum, a 250 basis point change in interest rates.
This market has almost doubled in size over the past year as a decade of low-interest rates caused investors to go in search of higher yields.
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