The Bank of England’s (BoE) Systemic Risk Survey has revealed that confidence in the stability of the UK financial system, as a whole over the next three years, has plummeted to its lowest level since the second quarter in 2009, after only 28% of respondents state that they are “not very confident.”
The comprehensive survey consisted of risk managers at 68 financial institutions — comprising of:
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Interestingly, in comparison to the top key risks reported most frequently by respondents to have the greatest impact on the UK financial system, only 26% felt that the risk of financial institution failure/distress would have the "greatest impact"
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While it is rather predictable that 'sovereign risk' and an 'economic downturn' would top the bill, funding risk is certainly a major concern for the financial system.
Check out Euromoney's latest in-depth articles on this subject:
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