Update 8 November 2019: The Financial Stability Report, full results of the Bank of England’s annual stress test of major UK banks and Record of the Financial Policy Committee’s Meeting will now be published on Monday 16 December.
On 5 March 2019, we published details of the 2019 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 2019 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 with the Financial Stability Report at 17.00 hrs (GMT) on 10 December 2019. No results for individual firms will be published prior to this date.