UK:
Date Of UK Stress Test Results Announced
24 October 2016
Shearman & Sterling LLP
To print this article, all you need is to be registered or login on Mondaq.com.
On October 3, 2016, the Bank of England announced that the
results of the UK 2016 banking stress test would be reported to the
relevant firms involved on November 29, 2016 and published on
November 30, 2016. The 2016 test is the first to be designed under
the new approach to stress testing published in October 2015 and
covers 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.
The Bank also announced that for the first time the UK stress
test next year will include two scenarios: the annual cyclical
scenario, which assesses the risks to the banking system resulting
from the financial cycle, and an additional "exploratory"
scenario which assesses a bank's resilience to a wider range of
potential threats.
The announcement is available at: http://www.bankofengland.co.uk/publications/Pages/news/2016/074.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.
POPULAR ARTICLES ON: Finance and Banking from UK
Asset Recovery Comparative Guide
Bird & Bird
Asset Recovery Comparative Guide for the jurisdiction of UK, check out our comparative guides section to compare across multiple countries
FCA's Consultation Paper
Cadwalader, Wickersham & Taft LLP
Since 3 January 2018, firms that provide portfolio management or investment advice on an independent basis must pay for the research they obtain...
Regulation Round Up
Proskauer Rose LLP
Welcome to the UK Regulation Round Up, a regular bulletin highlighting the latest developments in UK and EU financial services regulation.
FCA To Permit Research Bundling
Akin Gump Strauss Hauer & Feld LLP
The Financial Conduct Authority (FCA) is seeking views on proposed rules that would allow asset managers to opt for bundled payments for third-party investment research, reversing a significant aspect of the UK's implementation of research rules under the Markets in Financial Instruments Directive (MiFID II).