【特稿】英国央行严管金融机构美元风险敞口

Core Insights - The Bank of England has requested certain financial institutions to test their resilience against potential dollar shocks, indicating a growing concern over the reliability of the dollar amid changing U.S. economic policies [1][2] - The shift in U.S. government policies under President Trump has led European allies to reassess their dependence on the dollar, raising questions about the availability of dollar liquidity during financial turmoil [2] Group 1 - The Bank of England's Prudential Regulation Authority has asked some banks to evaluate their dollar funding plans and reliance on the dollar, including short-term funding needs [1] - A global bank in the UK was recently required to conduct internal stress tests under extreme scenarios, such as a complete depletion of the dollar swap market [1] - Analysts suggest that given the reliance of UK financial institutions on the dollar, any significant shock could severely impact their ability to meet funding demands [1] Group 2 - Despite the extreme nature of the scenarios, regulatory bodies and banks are no longer complacent about their ability to access dollars [2] - Concerns have been raised among bank executives regarding whether the Federal Reserve would provide support if a mid-sized non-U.S. bank faced a dollar shortage [2] - The Bank of England noted that investors are seeking more protective measures against the risk of a weakening dollar during economic pressures, with the dollar index having dropped 9.15% year-to-date [2]