UK:
UK 2016 Banking Stress Test Launched
15 April 2016
Shearman & Sterling LLP
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On March 29, 2016, the Bank of England released details of the
UK 2016 banking stress test, the first to be designed under the new
approach to stress testing published in October 2015. The 2016
stress test will cover seven UK banks and building societies:
Barclays plc, HSBC Holdings plc, Lloyds Banking Group plc,
Nationwide Building Society, The Royal Bank of Scotland Group plc,
Santander UK plc and Standard Chartered plc. These are the same
firms that participated in the 2015 stress test. The stress test
will consist of a macroeconomic stress scenario, a traded-risk
stress scenario, a misconduct costs stress and an annual cyclical
scenario.
The results of the stress test will be published in Q4 2016.
Details of the UK 2016 stress test are available at: http://www.bankofengland.co.uk/financialstability/Pages/fpc/stresstest.aspx
.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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