October 09, 2018

BoE announced that it will publish results of the annual stress testing exercise for banks on December 05, 2018. BoE has received initial stress-testing submissions from banks and is in the process of analyzing the results. BoE had published details of the 2018 annual cyclical scenario (ACS) for the seven major UK banks and building societies on March 16, 2018.

The 2018 ACS assesses the resilience of the UK banking system to deep simultaneous recessions in the UK and global economies, large falls in asset prices, and a separate stress of misconduct costs. The stress incorporated in the ACS is not a forecast. Recognizing the deployment of resources both within BoE and at private institutions to prepare for Brexit, the Financial Policy Committee and the Prudential Regulation Committee have decided to delay the launch of the next biennial exploratory scenario of BoE to September 2019. BoE expects to publish the results of this exercise, along with the Financial Stability Report in June 2020.


Related Link: News Release

 

Keywords: Europe, UK, Banking, Stress Testing, Annual Cyclical Scenario, BoE 

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