On 16 March 2018, we published details of the 2018 annual cyclical scenario (ACS) for the seven major UK banks and building societies. The scenario was agreed by the Financial Policy Committee (FPC) and Prudential Regulation Committee (PRC).
The 2018 ACS assesses the resilience of the UK banking system to deep simultaneous recessions in the UK and global economies, large falls in asset prices and a separate stress of misconduct costs. The stress incorporated in the ACS is not a forecast.
We have received banks’ initial stress-testing submissions and are in the process of analysing the results. The full annual stress test results will be published in the Financial Stability Report at 07.00hrs (GMT) on 05 December 2018. No results for individual firms will be published prior to this date.
2019 biennial exploratory scenario
Recognising the deployment of resources both within the Bank and at private institutions to prepare for Brexit, the FPC and PRC have decided to delay the Bank’s launch of the next biennial exploratory scenario to September 2019. The Bank expects to publish the results of this exercise alongside the Financial Stability Report in June 2020.