Fears of crash fall to lowest since 2008

A new publication from the Bank of England has shown that fears of a major financial crash have fallen to the lowest levels since 2008 (release).

The perceived probabilities of a high-impact event in the UK financial system over both the short and medium term have fallen to their lowest levels since the survey began in 2008. Only 8% of respondents (-12 percentage points since October 2012) now consider the probability high or very high over the next year, 24% (-17 percentage points) between one and three years ahead.