…the main point that emerges from the map is a simple one: namely that although sectors such as subprime or leveraged loans have grabbed headlines this summer - and inspired panic due to the potential of these assets to generate losses - the assets represent a tiny part of the financial system as a whole. On sheer size, subprime securities are dwarfed by other asset classes, such as equities.
See picture :
Map from BofE Financial Stability Report [p 22]
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