BoE plans system-wide test on private credit risks
Bank aims to probe market after First Brands and Tricolor collapses raise alarms about subprime lending
The Bank of England is planning a large-scale stress test to assess how the financial system would react to shocks in the private credit market, its deputy governor for financial stability has announced.
In a parliamentary hearing on October 21, Sarah Breeden said the UK central bank was “seeking to pull together” a system-wide exploratory scenario (Swes) that would include banks, insurance
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