BOE Financial Stability Report: Brexit - the main domestic risk to financial stability

The Bank of England (BOE) is out with its semi-annual Financial Stability Report (FSR), highlighting the risks posed by Brexit to the UK financial system.

Key Points:

Domestic risks excluding Brexit remain standard overall.

Judges that UK banking system could support the economy through a disorderly Brexit.

Keeps countercyclical capital buffer for banks at 1%.

Global risks are material and increasing.

The UK personal, corporate debt well below 2008 levels.

The UK consumer credit growth remains `rapid'.

Emerging markets, China debt, US leverage, and Italy among those risks.