BBC News – Bank of England finds risk of crisis biggest since 2008

“The risk of a financial crisis in the UK is at its greatest since the collapse of Lehman Brothers in 2008, according to a Bank of England Survey.

Its systemic risk survey of 68 firms showed that 54% of respondents thought the risk of a “high impact event” was high or very high.

It covers the second half of 2011.

High impact events include scenarios such as the break-up of the euro, a UK government debt default, or a financial institution failing.

The joint top risks to the financial system cited by respondents were sovereign risk and the risk of an economic downturn, both of which were cited by 76% of them….”

via BBC News – Bank of England finds risk of crisis biggest since 2008.