United Kingdom: Financial Sector Assessment Program-Financial System Stability Assessment

February 23, 2022

Preview Citation

Format: Chicago

United Kingdom: Financial Sector Assessment Program-Financial System Stability Assessment, (USA: International Monetary Fund, 2022) accessed November 13, 2024

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.

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

Keywords: Bank solvency stress test result, D. insurance Sector solvency, Financial Sector Assessment Program, Financial sector risk, Financial sector stability, Global, Insurance companies, Insurance liquidity risk analysis, Insurance solvency stress test, Nonbank financial institutions, U.K. financial system

Publication Details

Pages:

94
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2022/057
Stock No:

1GBREA2022002
ISBN:

9798400203268
ISSN:

1934-7685

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