United Kingdom: Financial Sector Assessment Program-Vulnerabilities in NBFIs, Market-Based Finance, and Systemic Liquidity
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Summary:
The Financial Sector Assessment Program (FSAP) carried out a focused review of the non-banks in the United Kingdom and systemic liquidity. It reviewed five areas: (i) The overall NBFI system, its links to banks and the rest of the world; (ii) NBFI direct lending to the U.K. economy; (iii) Sterling investment funds (OEFs, AIFs, and MMFs); (iv) CCPs; and (v) Systemic liquidity. The NBFIs are defined as all non-deposit-taking corporations, listed in Figure 1, and with the following limited coverage: Pension Funds and Insurance Companies are covered to the extend they lend to the economy and interact with CCPs; Investment funds only to the extent of Sterling Funds; and broker-dealers only to the extent they interact with CCPs. Regulatory aspects of NBFIs are covered in a parallel Technical Note (TN).
Series:
Country Report No. 2022/103
Subject:
Asset and liability management Corporate bonds Financial institutions Financial sector policy and analysis Financial statements International organization Liquidity Monetary policy Nonbank financial institutions Public financial management (PFM) Stress testing
Frequency:
regular
English
Publication Date:
April 8, 2022
ISBN/ISSN:
9798400206580/1934-7685
Stock No:
1GBREA2022004
Pages:
62
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