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Sources: Bank of England Reviewing Dollar Risks of Lending Institutions
Summary: Sources report that the Bank of England has requested some banks to test their ability to withstand potential dollar shocks. This is the latest sign of how Trump administration policies are eroding trust in the US as a financial stability cornerstone. Individuals familiar with the matter stated that the Bank of England has asked some ...
Sources report that the Bank of England has requested some banks to test their ability to withstand potential dollar shocks. This is the latest sign of how Trump administration policies are eroding trust in the US as a financial stability cornerstone. Individuals familiar with the matter stated that the Bank of England has asked some banks to assess their dollar funding plans and their reliance on the dollar. Another source mentioned that a global bank headquartered in the UK was once asked to undergo stress tests, including scenarios where the dollar swap market could completely dry up. An analyst noted that this reflects a new pattern where trust in international cooperation seems to be breaking down.
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Link: Sources: Bank of England Reviewing Dollar Risks of Lending Institutions [Copy]
