Bank of England launches the first scenario of the System-Wide Exploratory Scenario
14 Nov 2023 - Estimated reading time: 10 minutes
On 10 November 2023, the Bank of England (BoE) initiated the scenario phase of the System-Wide Exploratory Scenario (SWES). The SWES is designed to enhance understanding of how UK financial markets behave under stressed conditions and to assess the impact of these behaviours on the overall financial stability of the UK.
Read our latest newsflash, in which we look at the impacts of the scenario phase, and what this will mean for firms.
This communication is intended for insurers, reinsurers, asset managers and banks only. It is published for informational purposes only, and does not constitute advice.