Banks reinforce defences in wake of BoE's shadow banks testBy Ellesheva Kissin
July 19, 2023
The Bank of England (BoE) is running its first system-wide stress “exploratory scenario exercise” on 53 firms, amid fears the ballooning shadow banking sector will crack. Banks are already beefing up their defences before the results are published next year.
The UK’s central bank is currently running an ...
After years of watchful waiting, financial regulators are starting to crack down on the ballooning $239.3tn shadow banking sector. Last month, the Financial Stability Oversight Council (FSOC) in the US...Read more