Systemic Risk Survey, by BofE – depressing


The Bank of England has just released results of their biannual Systemic Risk Survey, conducted only last month, from a sample of 68 buy and sell side market participants.

The biggest risks to the UK Financial System cited by most respondents were:

Sovereign Risk (76%)
Risk of economic downturn (76%)
Funding Risk (57%)
Risks around regulation/taxes (38%)
Risk of financial institution failure/distress (26%)

As you can see from the chart, it’s depressing.

No wonder when asked last week about the risks of another banking crisis, Mervyn King (Governor of the Bank of England) said:

…“Who knows what’s going to happen tomorrow, let alone next month?”

full series of survey results here

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