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Source: Bank of England is reviewing lenders 'dollar risk

According to online reports, according to Jin Shi, sources said that the Bank of England has asked some banks to test their resilience to potential dollar shocks. This is the latest sign of how the Trump administration's policies have eroded trust in the United States as a cornerstone of financial stability. People with direct knowledge of the situation said the Bank of England has asked some banks to evaluate their dollar funding plans and how much they rely on the dollar. Another source said that at one point, a U.K. -based global bank was asked to conduct stress tests, including the possibility of a complete exhaustion of the U.S. dollar swaps market. One analyst said this reflected a new pattern in which trust in international cooperation seemed to be breaking.

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