Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Confidence in UK markets hits post-crash high

Confidence in UK markets hits post-crash high

Confidence in the UK financial system has fallen to a post-crash low as cross asset volatility has also fallen to a multi-year low point.  

The number of executives who believe the probability of a ‘high impact’ event was ‘low or very low’ rose 9% to 64% over the first half, according to the Bank of England’s bi-annual Systemic Risk Survey.

Almost half or 46% believed the likelihood of a economic major disruption had fallen, with only 6% believing it had increased over the last six months.

Against a backdrop of volatility at multi-year lows, not just in equity but also within fixed income and FX markets, the sanguine view from the City could be interpreted as complacency, however.

‘Confidence in the UK financial system has risen slightly since the October 2013 survey,’ wrote the Bank of England.  24% (+5 percentage points) of respondents are completely confident or very confident in the stability of the UK financial system as a whole over the next three years and 69% fairly confident (-8 percentage points).

‘But there has been a slight increase in the proportion of respondents who were not very confident (+3 percentage points to 7%).’

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Wealth Manager Retreat 2017: size isn't everything

Wealth Manager Retreat 2017: size isn't everything

We asked our delegates at the Wealth Manager Retreat what they think about the recent wave of consolidation in the industry.

1 Comment Play CIO Tapes - part 3: 'passive funds are anti-capitalist'

CIO Tapes - part 3: 'passive funds are anti-capitalist'

Citywire recently gathered three of the UK's leading fund investment heads to discuss their hopes, fears and the issues that their jobs throw at them daily.

Play CIO Tapes: do investors have it as good as it gets?

CIO Tapes: do investors have it as good as it gets?

Citywire gathered three of the UK's leading fund investment heads to discuss what they fear and what makes them cheer about the year ahead

Read More
Your Business: Cover Star Club

Profile: Rathbone's Newcastle boss on the road to £1bn

Profile: Rathbone's Newcastle boss on the road to £1bn

Starting from zero assets on day one, Rathbone's Newcastle team now looks after just over £400 million in clients money

Wealth Manager on Twitter