• News
  • Methodology
  • About us
Tuesday, October 3, 2023
  • Login
No Result
View All Result
NEWSLETTER
Reputation Poll
17 °c
London
19 ° Thu
18 ° Fri
14 ° Sat
13 ° Sun
  • HOME
  • Brands
    • 2017 Most Reputable Bank CEO
  • Personalities
    • 2017: 100 Most Reputable People on Earth
    • Most Reputable Bank CEOs
  • Reputation Ranking
    • 100 Most Reputable Companies in Africa
    • 100 Most Reputable Companies
    • 100 Most Reputable Brands
    • 2019 100 Most Reputable People on Earth
    • 100 Worst Customer Service Companies
    • Major Brands of the Year
  • Polls
  • Reputable Banks & Fintech Award
  • Communications
  • Energy
  • Finance
  • Aviation
  • HOME
  • Brands
    • 2017 Most Reputable Bank CEO
  • Personalities
    • 2017: 100 Most Reputable People on Earth
    • Most Reputable Bank CEOs
  • Reputation Ranking
    • 100 Most Reputable Companies in Africa
    • 100 Most Reputable Companies
    • 100 Most Reputable Brands
    • 2019 100 Most Reputable People on Earth
    • 100 Worst Customer Service Companies
    • Major Brands of the Year
  • Polls
  • Reputable Banks & Fintech Award
  • Communications
  • Energy
  • Finance
  • Aviation
No Result
View All Result
Reputation Poll
No Result
View All Result

Bank of England launches first sector-wide liquidity ‘stress test’

by News Editor
June 19, 2023
in Banking
0
Bank of England launches first sector-wide liquidity ‘stress test’
0
SHARES
15
VIEWS
Share on FacebookShare on Twitter

The Bank of England has launched its first system-wide liquidity ‘stress test’ to establish how big banks, insurers, clearing houses and investment funds respond collectively during extreme stresses in markets, it said on Monday.

The BoE had said in December that investment funds and other non-bank financial institutions would face their first ‘stress test’ to apply lessons from the near-meltdown in Britain’s pension fund sector in September.

“The launch of this exercise will provide valuable insight into the system-wide dynamics for banks and non-banks following a severe but plausible stress to financial markets,” BoE Deputy Governor Jon Cunliffe said in a statement.

Liability-driven investment (LDI) funds, used by pension funds to ensure their long-term payouts, struggled to meet collateral calls after turmoil caused by the fiscal plans of Liz Truss’s short-lived government in September. The BoE had to step in to buy government bonds to stabilise markets.

Money market funds also came under “dash-for-cash” pressure during market stresses following economy lockdowns to fight COVID-19 in 2020.

The BoE has long run separate stress tests of individual banks and insurers to help determine correct capital buffers, but this is the first financial-system wide test, with the bank saying results are expected in the second half of next year to help manage risks better.

The test, the first of its kind globally and which includes hedge funds and pension funds, will focus on UK government bond and repo markets, sterling corporate bond markets and associated derivatives markets, the BoE said.

“The exercise is not a test of the resilience of the individual firms participating. Published materials will not provide information on any individual firms.”

The test will ask firms to show how stresses such as heavy redemptions from investors or rocketing margin calls from clearing houses affect liquidity, amplify shocks and threaten financial stability.

The test is the latest sign of how central banks are seeking a grip on the huge non-bank sector that now plays a key role in funding the economy, often involving leverage and bank-like activities such as lending.

 

 

Culled from Reuters

News Editor

News Editor

Editorial Management . Corporate Communications . Media Resource Strategy . Product Positioning . Partnership Development . Digital Marketing . oludare.richards@gmail.com

Next Post
Iranian ju-jitsu fighters claim two gold medals at AJP Dubai Tour

Iranian ju-jitsu fighters claim two gold medals at AJP Dubai Tour

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result

Recent Post

  • Express Entry’s targeted occupations: How many agricultural, agri-food workers does Canada really need?
  • India tells Canada to withdraw 41 diplomats over Sikh murder rift: Report
  • Finding Affordable Housing In London, Students Lament
  • Mediterranean ‘becoming a cemetery for children and their futures’
  • Kenya’s Approach To Tackling Fake News: A UN Resident Coordinator blog

About Us

Reputation Poll

Reputation Poll

Reputation Poll International is a strategic consultancy agency specialised in corporate Reputation management. We help our clients achieve their objectives by communicating more effectively with their customers, investors, employees, policy-makers, regulators and the wider public.

Reputationpoll

Quick Links

  • HOME
  • Brands
    • 2017 Most Reputable Bank CEO
  • Personalities
    • 2017: 100 Most Reputable People on Earth
    • Most Reputable Bank CEOs
  • Reputation Ranking
    • 100 Most Reputable Companies in Africa
    • 100 Most Reputable Companies
    • 100 Most Reputable Brands
    • 2019 100 Most Reputable People on Earth
    • 100 Worst Customer Service Companies
    • Major Brands of the Year
  • Polls
  • Reputable Banks & Fintech Award
  • Communications
  • Energy
  • Finance
  • Aviation

Category

  • 100 Most Reputable Brands
  • 100 Most Reputable Companies
  • 100 Most Reputable Companies in Africa
  • Africa
  • Agriculture
  • AI
  • Asia
  • Aviation
  • Banking
  • Brands
  • Britain
  • Communications
  • Cuisine
  • ECOWAS
  • Education
  • Energy
  • Entertainment
  • Europe
  • Family
  • Fashion
  • Finance
  • Football
  • Front Pages
  • Health
  • Hotels
  • ICT
  • International
  • Major Brands of the Year
  • Movie Review
  • People
  • Politics
  • Polls
  • Queen
  • Religion
  • Reports
  • Reputable personality
  • Reputation Ranking
  • Royalty
  • Showbiz
  • Sports
  • Tech
  • The King
  • Tourism
  • Travel
  • UN
  • USA
  • Video

Recent Post

  • Express Entry’s targeted occupations: How many agricultural, agri-food workers does Canada really need?
  • India tells Canada to withdraw 41 diplomats over Sikh murder rift: Report
  • Finding Affordable Housing In London, Students Lament
  • Mediterranean ‘becoming a cemetery for children and their futures’
  • Kenya’s Approach To Tackling Fake News: A UN Resident Coordinator blog
  • Disclaimer
  • Terms and Condition
  • Advertisement
  • Contact Us
  • Webmail

© 2021 reputationpoll

No Result
View All Result
  • 2017 Most Reputable Bank CEO
  • 2017: 100 Most Reputable People on Earth
  • 2019 100 Most Reputable People on Earth
  • About us
  • Disclaimer
  • Home
  • main home
  • Methodology
  • Most Reputable Bank CEOs
  • News
  • Reputable Banks & Fintech Award
  • REPUTABLE BANKS & FINTECH AWARD (RBFA)
  • Reputation Poll
  • Terms and Condition for Reputation poll

© 2021 reputationpoll

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • Frueh, ha riferito che rimane. Cialis Daily Cialis Daily è famosa
  • Fram med lite kliniska studier på pubmed nu grabben. Det enda
  • Watson PD, Joy PS, Nkonde C et al. Legemiddelalternativer Ingen
  • Hvordan stiller lægen diagnosen kræft i livmoderen
  • Syndrome métabolique : quel est votre tour de taille? Minéraux