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ARTICLE · 01 AUGUST 2016

OFR Says "Brexit" Could Pose Risk To U.S. Financial Stability

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The Office of Financial Research ("OFR") asserted that "severe adverse outcomes in the U.K. from 'Brexit' could pose a risk to U.S. financial stability." In its biannual report, titled the Financial Stability Monitor...

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The Office of Financial Research ("OFR") asserted that "severe adverse outcomes in the U.K. from 'Brexit' could pose a risk to U.S. financial stability."

In its biannual report, titled the Financial Stability Monitor, OFR provided the results of an assessment that focused on "vulnerabilities – weaknesses in the financial system that can originate, amplify or transmit shocks, potentially destabilizing the system." The report was organized into five risk categories: macroeconomic, market, credit, funding and liquidity, and contagion.

The report found that risks to financial stability have stayed within the medium range, but also have risen as a result of the U.K. withdrawal referendum. The report specified that "Brexit" could pose moderate risks to the financial stability of the United States:

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