Valuations of equities and other asset classes are "stretched", susceptible to sharp correction.

Survey shows record-high percentage of financial firms worried about geopolitical risk.

Maintains counter-cyclical capital buffer at 2%.

UK households and corporate borrowers resilient to high interest rates overall.

Some small businesses and private equity backed firms remain under pressure from high rates.

UK banking system remains in a strong position to support lending.

High public debt levels in major economies could have consequences for the UK financial stability.

UK leverage ratio framework remains appropriate after annual review.