The Bank of England today named Barclays, HSBC and Lloyds among firms that needed to strengthen preparations against failure.
It warned they must be “sufficiently flexible and able to produce timely and robust estimations of their liquidity needs in a resolution, given the speed at which events can evolve, for example due to rapid deposit outflows”.
The rapid collapse of Credit Suisse and Silicon Valley Bank (SVB) last year sent shockwaves through financial markets. Within a day of SVB’s warning that it needed a capital raise, the firm’s share price sunk 60% and as much as $40 billion, or nearly a third of its deposits, were withdrawn — with a further $100 billion on course to leave.
The UK arm of SVB was acquired in a last-minute rescue deal by HSBC, while Credit Suisse was merged with UBS.
この記事は Evening Standard の August 06, 2024 版に掲載されています。
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この記事は Evening Standard の August 06, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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