The Bank of England (BOE) is out with its semi-annual Financial Stability Report (FSR), highlighting the risks posed by Brexit to the UK financial system.
Key Points:
Domestic risks excluding Brexit remain standard overall.
Judges that UK banking system could support the economy through a disorderly Brexit.
Keeps countercyclical capital buffer for banks at 1%.
Global risks are material and increasing.
The UK personal, corporate debt well below 2008 levels.
The UK consumer credit growth remains `rapid’.
Emerging markets, China debt, US leverage, and Italy among those risks.
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