The Bank of England requires banks to test their resilience against dollar shocks.

[BitPush] Sources say that the Bank of England has asked some banks to test their resilience to potential shocks to the dollar. This is the latest sign of how the Trump administration's policies are eroding trust in the U.S. as a cornerstone of financial stability. Individuals with direct knowledge of the situation say the Bank of England has asked some banks to assess their dollar funding plans and their degree of dependence on the dollar. Another source stated that at one point, a global bank headquartered in the UK was asked to conduct stress tests, including scenarios where the dollar swap market could be completely depleted. An analyst stated that this reflects a new pattern, where trust in international cooperation seems to be fracturing.