Financial system becoming more vulnerable to setbacks, claims report

February 2007
Credit Control;2007, Vol. 28 Issue 2, p62
Trade Publication
The article reports on the results of the latest Financial Stability Review conducted by the Bank of England company. Findings revealed that the financial system of Great Britain is becoming more vulnerable to setbacks, like the U.S. sub-prime mortgage meltdown resulting from the increased risk-taking by finance companies and heavy borrowing by private equity groups. The bank added that the distress of U.S. mortgage industry warns the country of how credit quality deteriorates quickly.


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