It contains six articles (summarised in the attached ‘Themes and Issues’ editorial), and also the Bank’s regular half-yearly assessment of risks to stability.
Commenting on the Bank’s assessment, David Clementi, Deputy Governor for Financial Stability, said: “Risks in the financial environment have probably increased somewhat in recent months, reflecting weaker growth and tighter credit conditions in the US, renewed pressure on some emerging market economies and a substantial build-up of debt in the telecoms sector. In the face of this, financial systems in the industrial countries nevertheless remain generally robust, so that the risks of instability should not be exaggerated. I hope that the Bank can contribute to achieving an objective assessment of vulnerabilities by making its own analysis transparent in this Review.”
Press release