By Oliver Burrows and Katie Low of the Bank’s Macro-financial Risks Division and Fergus Cumming of the Bank’s Monetary Assessment and Strategy Division.
The United Kingdom’s financial system is large and has grown rapidly in recent decades. Understanding its structure is an important starting point for a wide range of policy questions. One way into this is through the balance sheets of financial firms. This article paints a picture of the financial system by exploring those balance sheets, first using data currently available and then looking ahead to new avenues of research that should further improve our understanding.
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