Our approach to stress testing the UK banking system was published in October 2015, and sets out the main features of our stress testing framework to 2018.
The 2016 stress test scenario is the first designed under that framework and details were published on 29 March 2016.
Background to stress testing
In March 2013, our Financial Policy Committee (FPC) recommended that regular stress testing of the UK banking system should be developed to assess the system's capital adequacy. The first stress test results were published in December 2014.
We continue to build our own stress-testing capabilities, and expect banks and building societies to do the same. The design of our overall stress-testing framework will evolve over time.