Major private market entities are in discussions with the Bank of England (BOE) regarding the use of a third-party firm to collect data for a pioneering industry stress test. Bloomberg posted on X, highlighting the significance of this collaboration as it aims to enhance the resilience of the financial sector. The stress test is designed to evaluate the stability of private markets under various economic scenarios, ensuring preparedness for potential financial disruptions. This initiative reflects the BOE's commitment to maintaining financial stability and transparency in the private sector.