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Bank of England to publish 2019 bank stress tests on December 10

Published 10/18/2019, 05:24 AM
Updated 10/18/2019, 05:26 AM
Bank of England to publish 2019 bank stress tests on December 10

LONDON (Reuters) - The Bank of England said on Friday it would publish the results of its annual assessment of banks' readiness for financial shocks at 1700 GMT on Dec. 10.

Earlier this year the BoE said it would look 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.

Barclays (LON:BARC), HSBC, Lloyds Banking Group (LON:LLOY), Nationwide Building Society, Royal Bank of Scotland (LON:RBS), Santander (MC:SAN) UK and Standard Chartered (LON:STAN) are taking part in the process, which looks at whether they hold enough capital.

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