More from BoE's Carney at the G20: Falls in liquidity contributing to mkt stress

Bank of England Governor Mark Carney at the G20

(Earlier is here)

• Ambition of monetary policy has not been matched by structural measures
• Falls in liquidity have contributed to stress in financial markets
• In the absence of structural reforms, central banks in a more difficult position
• Some regulatory changes have impact on liquidity, perhaps more than anticipated