United Kingdom: Financial Sector Assessment Program-Financial System Stability Assessment
Electronic Access:
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Summary:
The U.K. financial sector is globally systemic, open, and complex. It has weathered the COVID-19 pandemic fittingly, thanks to the post-GFC reforms, a proactive macroprudential stance, and an effective multipronged response to maintain financial stability. Brexit uncertainties are being handled appropriately as the U.K. and EU authorities and the financial industry collaborate to prevent undesirable financial stability outcomes. The endpoint of the pandemic remains unclear, as does the actual impact on the financial system once support measures wane. At this juncture, therefore, financial stability conditions in the United Kingdom are being shaped by three key considerations: (i) the evolving U.K.-EU relationship on financial services; (ii) securing a sustainable and robust post-pandemic economic recovery; and (iii) successfully managing ongoing structural transitions.
Series:
Country Report No. 2022/057
Subject:
Financial institutions Financial Sector Assessment Program Financial sector policy and analysis Financial sector risk Financial sector stability Financial services Insurance companies International organization Monetary policy Nonbank financial institutions
Frequency:
regular
English
Publication Date:
February 23, 2022
ISBN/ISSN:
9798400203268/1934-7685
Stock No:
1GBREA2022002
Pages:
94
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