Flaws in the structure of many investment funds could be responsible for amplifying the volatility of capital flows and exacerbating problems with the functioning of the international monetary system, according to Mark Carney, governor of the Bank of England.

Policy-makers overseeing global financial centres, such as London, need “to think about the structure of these capital flows” as well as “the right macro-prudential structure, in a global sense, for these funds”, Carney told Central