Summarize and humanize this content to 2000 words in 6 paragraphs in English
“The probability of adverse events, and the potential severity of their impact, has risen,” the committee said.
“A major shift in the nature and predictability of global trading arrangements could harm financial stability by depressing growth,” it added.
Trump’s additional “reciprocal” tariffs came into force overnight, following days of market volatility in anticipation. The FPC said markets were orderly, despite the exceptionally high volumes — although noted the sharp fall in prices of global equities, risky corporate credit and commodities, and warned the risk of further “sharp corrections” remains “high.”
Still, it said the U.K. banking system is well capitalized and would be able to support households and businesses “even if economic and financial conditions were to be substantially worse than expected.”
However, companies relying on market-based finance face risks from turbulent conditions, the FPC cautioned.
It also warned that growing geopolitical tensions heighten the risk of cyber-attacks, which could disrupt the supply of financial services to U.K. households and businesses.
pl_facebook_pixel_args = [];
pl_facebook_pixel_args.userAgent = navigator.userAgent;
pl_facebook_pixel_args.language = navigator.language;
if ( document.referrer.indexOf( document.domain ) < 0 ) { pl_facebook_pixel_args.referrer = document.referrer; } !function(f,b,e,v,n,t,s) {if(f.fbq)return;n=f.fbq=function(){n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)}; if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0'; n.queue=[];t=b.createElement(e);t.async=!0; t.src=v;s=b.getElementsByTagName(e)[0]; s.parentNode.insertBefore(t,s)}(window, document,'script', 'https://connect.facebook.net/en_US/fbevents.js'); fbq( 'consent', 'revoke' ); fbq( 'init', "394368290733607" ); fbq( 'track', 'PageView', pl_facebook_pixel_args ); if ( typeof window.__tcfapi !== 'undefined' ) { window.__tcfapi( 'addEventListener', 2, function( tcData, listenerSuccess ) { if ( listenerSuccess ) { if ( tcData.eventStatus === 'useractioncomplete' || tcData.eventStatus === 'tcloaded' ) { __tcfapi( 'getCustomVendorConsents', 2, function( vendorConsents, success ) { if ( ! vendorConsents.hasOwnProperty( 'consentedPurposes' ) ) { return; } const consents = vendorConsents.consentedPurposes.filter( function( vendorConsents ) { return 'Create profiles for personalised advertising' === vendorConsents.name; } ); if ( consents.length === 1 ) { fbq( 'consent', 'grant' ); } } ); } } }); }
