You need to enable JavaScript in order to use the AI chatbot tool powered by ChatBot

BoE finds financial services in improving health

Andrew Barnes our consultant managing the role

The Bank of England (BoE) has claimed British financial services are in better health than they have been in recent years, with perceived probabilities of a high-impact event in the system falling to their lowest levels since 2008.

According to the BoE's semi-annual systemic risk survey, just eight per cent of industry experts think a major problem such as the collapse of a bank is likely to take place in the next year. This is down by 12 percentage points since the last report, suggesting burgeoning confidence levels in an industry that has endured some tough times recently.

This is reflected by the fact that 17 per cent of respondents were completely or very confident in the overall stability of the UK financial sector, with 70 per cent fairly confident on this. Only 13 per cent were deeply concerned about the industry.

The two main risks to the British financial system remain an economic downturn and sovereign risk - especially in the euro area, where conditions remain uncertain and discomfiting for financial services experts.

However, operational difficulties were also cited by respondents as something that could arise over the next 12 months. Almost a quarter of industry professionals suggested these could be a possibility, with cyber security highlighted as the biggest shift in this area.

The BoE recently announced that Charlotte Hogg is taking over as its chief operating officer, having previously occupied a senior role at retail bank Santander.

Mark Carney, who will replace Sir Mervyn King as governor of the central bank on 1st July, made the appointment. He hailed Ms Hogg's experience and business acumen.

"Charlotte brings an outstanding track record and breadth of experience that will help to catalyse that change and I look forward to working closely with her to realise the full potential of the new institutional structure of the bank," he added.

http://www.bankofengland.co.uk/publications/Documents/other/srs/srss2013h1.pdf

 

 

11/04/16
jobs

Related jobs

Group Reporting Manager

Salary:

£65,000 - £73,000 per annum + Excellent Benefits Package

Location:

Manchester, Greater Manchester

Industry

Consumer & Retail

Qualification

Fully qualified

Market

Commerce & Industry

Salary

£70,000 - £80,000

Job Discipline

Qualified Finance

Contract Type:

Permanent

Description

Exciting Group Reporting Finance Manager for a leading retail organisation based in Manchester offering hybrid working paying circa £70,000.

Reference

BBBH184314

Expiry Date

01/01/01

Nathan  Jones

Author

Nathan Jones
Find out more
Transactional Finance Manager

Salary:

Negotiable

Location:

Horsham, West Sussex

Industry

Technology

Qualification

None specified

Market

Commerce & Industry

Salary

£60,000 - £70,000

Job Discipline

Part Qualified & Transactional Finance

Contract Type:

Permanent

Description

Our high growth client in the tech/SAAS industry are looking for a new Transactional Finance Manager to join their finance team.

Reference

129384

Expiry Date

01/01/01

Harry Latham

Author

Harry Latham
Find out more
Tax Accountant

Salary:

Up to £45,000 per annum

Location:

Leeds, West Yorkshire

Industry

Business Services

Qualification

None specified

Market

Financial Services

Salary

£40,000 - £50,000

Job Discipline

Tax

Contract Type:

Permanent

Description

.

Reference

BBBH184306

Expiry Date

01/01/01

Aleksandra  Taranovskaja Find out more
Credit Controller

Salary:

£30,000 - £32,000 per annum

Location:

Leeds, West Yorkshire

Industry

Business Services

Qualification

None specified

Market

Commerce & Industry

Salary

£30,000 - £35,000

Job Discipline

Part Qualified & Transactional Finance

Contract Type:

Permanent

Description

Credit Controller in Leeds

Reference

BBBH184266

Expiry Date

01/01/01

Cameron  Walsh

Author

Cameron Walsh
Find out more
Financial Services Programme Director

Salary:

€100,000 - €110,000 per annum

Location:

Dublin City Centre, Dublin

Industry

Business Services

Qualification

None specified

Market

Financial Services

Salary

£80,000 - £100,000

Job Discipline

Project & Programme Management

Contract Type:

Permanent

Description

Programme Director - Financial Services - Dublin

Reference

BBBH183758

Expiry Date

01/01/01

Cillian Mcevoy Find out more
Financial Services Strategy Consulting Manager

Salary:

€70,000 - €85,000 per annum

Location:

Dublin City Centre, Dublin

Industry

Business Services

Qualification

None specified

Market

Commerce & Industry

Salary

£70,000 - £80,000

Job Discipline

Change Management

Contract Type:

Permanent

Description

Financial Services Strategy Consulting Manager- Dublin

Reference

BBBH182070

Expiry Date

01/01/01

Cillian Mcevoy Find out more
Senior Economist

Salary:

€65,000 - €70,000 per annum

Location:

Dublin City Centre, Dublin

Industry

Business Services

Qualification

None specified

Market

Commerce & Industry

Salary

£60,000 - £70,000

Job Discipline

Process Improvement

Contract Type:

Permanent

Description

Senior Economist- Capital Infrastructure Focused - Dublin

Reference

BBBH182503

Expiry Date

01/01/01

Cillian Mcevoy Find out more
View all jobs