BoE stress test highlights liquidity risks in non-banks
“First-of-its-kind” scenario exercise reveals how repo financing could be insufficient during shocks
Some non-banks could face significant losses during shocks, a stress test conducted by the Bank of England (BoE) has revealed.
The bank today (November 29) published the results of its system-wide exploratory scenario exercise. When the BoE launched the exercise a year ago, it said it would be the “first of its kind” for the non-bank sector.
The exercise simulated a shock to global financial markets owing to a sudden crystallisation of geopolitical tensions. More than 50 firms took part, including
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