Financial market participants cited economic downturn, sovereign risk, risks around regulation/taxes and risk of financial institution failures as major threats to the financial system, survey results revealed Monday.
According to the Systemic Risk Survey conducted by Bank of England, the risk of another financial crisis over the coming three years fell to the lowest since survey began in 2008.
The perceived probabilities of a "high-impact event" over both the short term fell to 8 percent and to 24 percent between one and three years ahead.
The biannual survey was conducted by between April 22 and May 22.
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