FIN.

FPC updates on stability risks

The FPC has concluded that Covid-19 continues to put strain on households and businesses, but that banks are strong enough to keep supporting them as a result of the actions to strengthen the system taken after the 2008 financial crisis.

It also noted that most risks that could arise to financial stability at the end of the transition period have been mitigated as a result of extensive preparations by the authorities and the private sector. There are, though, some remaining risks, and FPC has put together a checklist of actions to avoid disruption to financial services end users.

Emma Radmore