This Quarterly Bulletin consists of three articles:
The Term Funding Scheme: design, operation and impact
This article outlines what the Term Funding Scheme was intended to achieve; sets out its key design features and channels of transmission; and offers some initial analysis on its likely impact.
The financial position of British households: evidence from the 2018 NMG Consulting survey
This article looks at the findings of the latest NMG Consulting survey. It considers households’ adjustment to the real income squeeze and households’ outlook for their incomes, financial situations and the wider economy. It then considers developments in key household vulnerability metrics. This sets the context for the extent to which households have been impacted by, and may respond to, the recent increases in Bank Rate and any potential future increase.
Could a cyber attack cause a systemic impact in the financial sector?
In the context of diverse and embryonic views of systemic cyber risk within the financial sector, this article critically evaluates the link between cyber risk and systemic risk within the financial sector. It analyses common features of existing definitions for systemic risk and test their applicability to cyber risk.