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.
The Bank of England has today set out the timetable for the publication of the UK annual stress-test results, which will be published on 10 December 2019.
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 and Prudential Regulation Committee.
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.
Note to editors
- In March 2019 the Bank announced the seven banks and building societies participating in the 2019 test: 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 published ‘Stress testing the UK banking system: key elements of the 2019 annual cyclical scenario’ and ‘Stress testing the UK banking system: 2019 guidance for participating banks and building societies’; see Key elements of the 2019 stress test.