Bank of England to push result of 2019 Bank Stress Test on Dec. 10

The test was to see whether banks have enough capital to take on stressful economic conditions.

On Friday, UK’s central bank, the Bank of England said, it would publish the results of its annual assessment of banks’ readiness for financial shocks on December 10 at 1700 GMT.

Earlier the central bank had said, it would be looking at the resilience of Britain’s banking system to deep simultaneous recessions in the domestic and global economies and large falls in asset prices, and separately to misconduct costs.

Banks which are taking the test includes, Royal Bank of Scotland, Barclays, Lloyds Banking Group, HSBC, Nationwide Building Society, Standard Chartered and Santander UK.

The test is aimed at gauging whether the banks hold enough capital.

Categories: Creativity, Economy & Finance, Entrepreneurship, HR & Organization, Regulations & Legal, Strategy, Sustainability

Tags: , , , , , , , , , , , , , , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: