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<p>The IMF’s report concludes that risks to global financial stability from emerging
markets remain elevated, amid falling risk appetite and increasing market liquidity
risks.</p><p>The UK Government is alive to any implications of these risks for UK
financial stability. The Government established the Financial Policy Committee (FPC)
to identify and manage these types of risk to the UK financial system.</p><p>The Bank
of England’s forthcoming 2015 stress test of the UK banking system will assess its
resilience to a deterioration in global economic conditions, particularly in emerging
markets.</p><p>Furthermore, the UK’s financial regulatory bodies are continuing to
work at an international level on risks relating to global financial market liquidity.</p>
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