Article preview: According to the Bank of England, the UK’s banking system is robust enough to hold up to the economic shock of the Covid-19 pandemic. As a result of its financial strength, the sector should continue to lend to businesses and individuals. Reporting on the outcome of its latest financial stability tests, the Bank said: “Our tests have shown that UK banks are strong enough to keep supporting households and businesses as they continue to deal with the impact of Covid. Banks have high levels of capital. This would allow them to absorb very big losses while continuing to lend.”
Robust banking sector and future economic reforms
This 465-word blog post looks at the latest report from the Bank of England Financial Policy Committee, commenting on the financial strength of the banking sector and continued work looking at open-ended investment funds which face a potential liquidity mismatch. Written on 26th March 2021.
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