Insightful Word
  • Investing
  • Stock
  • Economy
  • Politics
  • Investing
  • Stock
  • Economy
  • Politics
No Result
View All Result
Insightful Word
No Result
View All Result
Home Economy

Finance firms more worried about global economy, BoE survey finds

admin by admin
October 2, 2024
in Economy
0
Finance firms more worried about global economy, BoE survey finds
0
SHARES
11
VIEWS
Share on FacebookShare on Twitter

LONDON (Reuters) – Worries about risks to the UK financial system posed by a global economic downturn have risen sharply to their highest level since the second half of 2019, a Bank of England (BOE) survey showed on Wednesday.

The Bank’s twice-yearly systemic risk survey polled 55 financial firms between July 23 and August 12 and asked each participant to list the five risks they believed would have the greatest impact on the UK financial system if they materialised.

One-third of participants flagged worries about the threat to the UK financial sector associated with an overseas/global economic downturn, an increase of 19 percentage points and the largest single increase compared with the results of the previous survey in March, the BoE said.

The BoE said overall risks to British financial stability were unchanged compared with its last assessment in June, but that it would be wrong to draw comfort from a rapid rebound in asset prices after a drop in August.

The two most frequently cited risks to UK financial stability echoed previous surveys. Some 93% of respondents cited geopolitical risk, an increase of 8 percentage points on the BoE’s previous survey, while a cyber attack was cited by 80% of firms, up by 10 percentage points.

Respondents reported a range of concerns within these two categories, including ongoing conflicts, global elections, and the potential for cyber attacks to impact the whole financial system including banking system infrastructure.

The proportion of respondents citing climate risk has fallen in recent surveys, and came in at 29%, some seven percentage points lower than the previous survey and the lowest since the second half of 2022.

This post appeared first on investing.com

Previous Post

Lloyds share price sits and waits: Oct. 23 will be key

Next Post

OpenAI, Italian state lender CDP team up for AI use in startups

admin

admin

Next Post
OpenAI, Italian state lender CDP team up for AI use in startups

OpenAI, Italian state lender CDP team up for AI use in startups

Trending News

India’s Q4 GDP growth hits 7.4%, but FY25 slows to 4-year low of 6.5%

India’s Q4 GDP growth hits 7.4%, but FY25 slows to 4-year low of 6.5%

May 30, 2025
Starbucks earnings: will SBUX end Niccol’s turnaround streak?

Starbucks earnings: will SBUX end Niccol’s turnaround streak?

January 29, 2025
From $824 to over $1,300: how soaring rents are consuming American paychecks

From $824 to over $1,300: how soaring rents are consuming American paychecks

July 27, 2025
Subscribe to Insightful Word


    Recent News

    Nvidia shares fall on China sales exclusion, weaker data center sales: analysts weigh in

    Nvidia shares fall on China sales exclusion, weaker data center sales: analysts weigh in

    August 28, 2025
    SentinelOne stock price forecast ahead of earnings: buy or sell?

    SentinelOne stock price forecast ahead of earnings: buy or sell?

    August 28, 2025
    Tesla wants millions of robotaxis by 2025, but will Waymo win the long game?

    Tesla wants millions of robotaxis by 2025, but will Waymo win the long game?

    August 28, 2025
    Urban Outfitters stock slides 4% despite strong quarter on cautious outlook

    Urban Outfitters stock slides 4% despite strong quarter on cautious outlook

    August 28, 2025

    Recent News

    Nvidia shares fall on China sales exclusion, weaker data center sales: analysts weigh in

    Nvidia shares fall on China sales exclusion, weaker data center sales: analysts weigh in

    August 28, 2025
    SentinelOne stock price forecast ahead of earnings: buy or sell?

    SentinelOne stock price forecast ahead of earnings: buy or sell?

    August 28, 2025

    Latest News

    • Nvidia shares fall on China sales exclusion, weaker data center sales: analysts weigh in
    • SentinelOne stock price forecast ahead of earnings: buy or sell?
    • Tesla wants millions of robotaxis by 2025, but will Waymo win the long game?

    About Insightful Word

    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools
    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools

    Copyright © 2025 Insightfulword.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Politics

    Copyright © 2025 Insightfulword.com. All Rights Reserved.