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Financial Policy Committee statement from its meeting – 3 October 2018

Financial Policy Committee statement from its meeting – 3 October 2018

(BoE)-Our latest Financial Policy Committee Statement highlights how we’re making the financial system resilient to risks and prepared to avoid future disruption.

Bank resilience

UK banks are strong enough to serve households and businesses even through a disorderly, cliff-edge Brexit, however unlikely it may be.

Brexit checklist

The UK is taking all the action it can to make sure households and businesses won’t have their financial services disrupted during Brexit. The EU needs to act to stop households and businesses there and in the UK facing disruption.

Leveraged lending

The FPC is concerned by the rapid growth of risky lending to businesses.

Global debt

Emerging market debt has risen in the past decade. This makes those economies, and the world economy, riskier.

Published on 09 October 2018
Our 2017 stress test showed that UK banks could withstand severe UK and world recessions and a market crash
Our Brexit checklist
Central counterparties (CCPs)
UK debt is well below 2008 levels
Risky lending to UK companies has increased
Debt is high in emerging economies

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