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NBFIs found vulnerable to shocks in UK BOE’s first stress test (update*)

By Sofia Gerace ( November 29, 2024, 10:55 GMT | Insight) -- Non-bank financial intermediaries could see significant losses if financial conditions were to get worse, the Bank of England said today. The BOE had asked 50 firms to consider a hypothetical scenario where crystallization of geopolitical tensions results in a shock to global financial markets.Non-bank financial intermediaries, or NBFIs, could see significant losses if financial conditions were to get worse, the Bank of England said today....

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