BoE to stress-test non-bank sector for first time
“Exploratory” exercise will test market liquidity as officials call for “urgent” action on non-banks
The Bank of England unveiled plans for its first stress test of non-banks today (December 13), as it highlighted the need for “urgent” international action to regulate the sector.
Governor Andrew Bailey said the bank would run an “exploratory scenario exercise” in 2023 to examine how liquidity stress in the non-bank sector could interact with other parts of the financial system.
The governor was speaking at the launch of the BoE’s latest financial stability report, the first to be published
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