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BOE: Bank stress test to start September, due mid-2023

UK
(MNI) London

The Bank of England will start the 2022 annual cyclical scenario in September, reporting in mid-2023. 

  • Earlier this year, the BOE delayed the stress tests in the wake of Russia's invasion of Ukraine, allowing lenders to "focus on managing the financial markets disruption associated with the invasion."
  • The test will look for resilience of banks to 'deep simultaneous recessions in the UK and global economies', real income shocks, large asset price falls, and higher global interest rates.
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The Bank of England will start the 2022 annual cyclical scenario in September, reporting in mid-2023. 

  • Earlier this year, the BOE delayed the stress tests in the wake of Russia's invasion of Ukraine, allowing lenders to "focus on managing the financial markets disruption associated with the invasion."
  • The test will look for resilience of banks to 'deep simultaneous recessions in the UK and global economies', real income shocks, large asset price falls, and higher global interest rates.