United Kingdom: Financial Sector Assessment Program-Financial Stability and Managing Institutional, Technology, and Market Transitions

April 8, 2022

Preview Citation

Format: Chicago

United Kingdom: Financial Sector Assessment Program-Financial Stability and Managing Institutional, Technology, and Market Transitions, (USA: International Monetary Fund, 2022) accessed December 3, 2024

Summary

There has been a very smooth post-Brexit transition, with no material disruption nor any crystalized financial stability risks. This was the result of the U.K. authorities’ (and in some cases the EU authorities) and firms’ extensive preparations. The U.K. authorities have been proactively engaging with the industry, monitored risks, and consistently provided necessary legal certainty in a timely manner. This approach should continue, to the extent that any risks and uncertainties from Brexit remain.

Subject: Central Bank digital currencies, Financial sector policy and analysis, Financial sector stability, Financial services, Interbank rates, International organization, Monetary policy, Technology, Virtual currencies

Keywords: Central Bank digital currencies, Disclosures of U.K., Europe, Exits risk, Financial sector stability, Global, Interbank rates, Libor Transition strategy, Priority exit, U.K. market, Virtual currencies

Publication Details

Pages:

85
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2022/107
Stock No:

1GBREA2022008
ISBN:

9798400205316
ISSN:

1934-7685

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