The Bank of England has told some banks to take a close look at how they would cope if problems hit the U.S. #dollar . This comes as concerns grow about U.S. policies under President #Donald #Trump , which some believe are shaking global trust in the U.S. as a reliable player in the financial world.People familiar with the situation said the Bank of England wants banks to review how much they rely on the dollar and how they manage dollar funding. One source mentioned that a major global bank based in the #UK was even asked to run stress tests — including one where the dollar swap market completely dries up.
According to one analyst, this shows a bigger shift: confidence in international financial cooperation seems to be fading.