Bank’s first stress test into industry assesses how it would react in short and sharp shock affecting marketsHedge funds, pension funds and other companies in the shadow banking sector are at risk of amplifying market shocks and triggering a £17bn asset sell-off, according to the Bank of England’s first ever stress test into the largely unregulated industry.The landmark exercise, the first in the world by a central bank, tracked how non-bank financial institutions – often referred to as the shadow banking sector – would react in a short and sharp shock affecting financial markets. Continue reading...
Thursday 5 December 2024
theguardian - 6 days ago
Firms in shadow banking sector risk triggering £17bn asset sell-off, says Bank of England
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