It’s the moment of truth for the UK's biggest financial institutions as later today the Bank of England will publish the results of its bank stress test, otherwise known as annual cyclical scenario (ACS). By using the test to determine how much capital UK banks could need in such a scenario, the Bank aims to ensure they are able to continue to lend to households and businesses in bad times as well as good.
• A UK and global macroeconomic stress, spanning a five-year period to the end of 2023
• A traded risk stress, linked to a financial market scenario consistent with the content and calibration of the macroeconomic stress
• A misconduct costs stress
Stay tuned to Capex’s news section for more information and the latest updates!
Sources: bankofengland.co.uk, moodysanalitics.com, reuters.com
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