2019-level concerns about UK financial system risks from global downturn, geopolitics, and cyber threats, with vulnerabilities in private equity-backed firms and SMEs.

A recent Bank of England survey indicates heightened concerns about risks to the UK financial system, particularly from a global economic downturn, reaching their highest level since 2019. One-third of surveyed firms highlighted these worries, with geopolitical risks (93%) and cyber attacks (80%) being top concerns. While the UK banking system is deemed robust, vulnerabilities persist among private equity-backed firms and small to medium enterprises, especially in certain sectors.

October 02, 2024
32 Articles