Nat Benjamin, an executive director at the Bank of England, recently discussed the importance of being prepared for potential economic shocks during stable times.

He highlighted that the risks presented in various markets could be more severe than what has been experienced in the past. The Bank of England has identified hedge funds, asset managers, and pension providers as particularly vulnerable during times of crisis.

Benjamin emphasized the need for firms to be adequately prepared for unforeseen challenges in the financial landscape, considering different market variables, interest rates, and credit conditions.