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2022/23 Annual Cyclical Scenario exercise
We published the results of the 2022/23 stress test of the UK banking system - which involved participation from banks - on 12 July 2023.
Stress testing the UK banking system: 2022/23 results
The results of the 2022/23 ACS stress test of the UK banking system: Annex
Stress testing the UK banking system: key elements of the 2022/23 annual cyclical scenario
Stress testing the UK banking system: Variable paths for the 2022/23 scenarios
Stress testing the UK banking system: Traded risk scenario for the 2022/23 stress test
Stress testing the UK banking system: Guidance on the 2022/23 stress test for participants
Financial Stability Report - July 2023 -
IST 2022
On Monday 23 January 2023, the PRA published the Insurance Stress Test 2022 letter. This letter sets out our findings on sector resilience and provides thematic observations that support improvements in risk management.
Insurance Stress Test 2022 scenario specifications, guidelines and instructions data templates, and requirements for the Results and Basis of Preparation report
- Life Insurance Stress Test 2022 - Scenario Specification, Guidelines and Instructions Final (pdf)
- Life Insurance Stress Test 2022 V2.0 - Template (pdf)
- General Insurance Stress Test 2022 - Scenario Specification, Guidelines and Instructions Final V2 (pdf)
- General Insurance Stress Test 2022 V2.0 - Template (pdf)
- Requirements for the "Results and Basis of Preparation" report (pdf)
Data templates and dictionary for the 2021 Solvency Stress Testing
We publish Solvency Stress Test data requests to participating firms, for submission in Excel. These Excel templates and dictionary are for data submissions by firms subject to the 2021 Solvency Stress Test.
A summary of the Bank of England 2021 Solvency Stress Test data request, an overview of the main changes since the previous version, and the operating model for the reporting of stress test data by participating firms can be found below:
- Index of artefacts and associated submission timeframes 2021 (XLSX 0.1MB)
- STDF change summary 2021 (XLSX 1.1MB)
- Operating Model for the Reporting of Stress Test data 2021 (DOCX 0.3MB)
A summary of the Bank of England 2021 Solvency Stress Test data request, an overview of the main changes since the previous version, and the operating model for the reporting of stress test data by participating firms can be found below:
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Data templates and dictionary for the 2021 Solvency Stress Testing
We publish Solvency Stress Test data requests to participating firms, for submission in Excel. These Excel templates and dictionary are for data submissions by firms subject to the 2021 Solvency Stress Test.
A summary of the Bank of England 2021 Solvency Stress Test data request, an overview of the main changes since the previous version, and the operating model for the reporting of stress test data by participating firms can be found below:
- Index of artefacts and associated submission timeframes 2021 (XLSX)
- STDF change summary 2021 (XLSX)
- Operating Model for the Reporting of Stress Test data 2021 (DOCX)
The asset liability management template below is not submitted as part of the concurrent stress test, but feeds into our stress test analysis.
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XBRL taxonomy for the 2020 Concurrent Stress Testing exercise
The link below contains the final version of the XBRL taxonomy, annotated templates and dictionary for the 2020 Concurrent Stress Testing exercise.
18 September 2020: Jointly with the Bank of England, Financial Conduct Authority, Competition & Markets Authority, Payment Systems Regulator, Information Commissioner’s Office, Pensions Regulator, and HM Treasury (as observer member), we published an updated version of the Regulatory Initiatives Forum’s grid – a consolidated plan of initiatives that the authorities consider will, or may, have significant operational impact on firms across the next 24 months.
17 June 2020: We published a letter to participating general and life insurance firms on feedback for general and life insurers from the 2019 Insurance Stress Test.
7 May 2020: Jointly with the Bank of England, Financial Conduct Authority, Competition & Markets Authority, Payment Systems Regulator and HM Treasury (as observer member), we published the Regulatory Initiatives Forum’s first grid – a consolidated plan of initiatives that the authorities consider will, or may, have significant operational impact on firms across the next 12 months.
7 May 2020: We published a statement announcing further details of our plans to support firms we regulate and enable them to focus resources on the highest priority work in light of Covid-19
20 March 2020: We announced the cancellation of our 2020 annual stress test and amendments to the biennial exploratory scenario timetable.
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19 June 2019
On Wednesday 17 June 2020 the PRA published feedback for general and life insurers from the 2019 Insurance Stress Test.
18 June 2019
On 18 June 2019 the PRA published a letter and accompanying materials on the Insurance Stress Test 2019 which asks the largest regulated life and general insurers to provide information about the impact of a range of stress tests on their business. In addition, the stress test includes an exploratory exercise in relation to cyber underwriting and climate change. The set of climate scenarios explores the impacts to both firms' liabilities and investments stemming from physical and transition risks. The PRA will publish a summary of the overall results but no individual firm results will be made public. The deadline for submission is as follows:
- Sections A and B: 5pm, Monday 30 September 2019
- Section C: 5pm, Thursday 31 October 2019
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December 2018
On 14 December EIOPA published its results report of the insurance stress test exercise. More information on the stress tests and timescales can be found on EIOPA's website.
July 2018
Systemic Risk Buffers and Pillar 2A in stress test hurdle rates. In ‘Key elements of the 2018 stress test’ March 2018, the Bank of England noted its intention to change the way hurdle rates are calculated in the annual stress test in four ways. This statement provides further specific details on two of these changes.
May 2018
EIOPA launched its third Solvency II based stress test for insurers on 14 May 2018. EIOPA conducts biennial stress tests to help scale the impact on insurance companies of the crystallisation of various economic and non-economic risks. As in previous years, there is no pass/fail hurdle rate in the 2018 exercise but this year’s exercise will be focused on groups. More information on the stress tests and timescales can be found on EIOPA’s website.
April 2018
On Monday 30 April we published PS7/18 ‘Model risk management principles for stress testing’ and PS8/18 ‘Pillar 2: Update to reporting requirements’. Both publications are of interest to banks, building societies and PRA-designated investment firms.
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December 2017
On Thursday 7 December, Anna Sweeney, Director of Insurance, sent a letter to CEOs of participating firms on the 'General Insurance Stress Test 2017 Feedback’. This followed our request in April 2017 to the United Kingdom’s largest general insurers to participate in a stress test exercise (see April 2017 update below). We’d like to thank all insurers that were requested to participate in this exercise for their submission.
On Wednesday 6 December, we published CP25/17 ‘Pillar 2: Update to reporting requirements’ and CP26/17 ‘Model risk management principles for stress testing’. Both consultations are of interest to banks, building societies and PRA-designated investment firms, and close on Tuesday 6 March 2018.
April 2017
On Friday 21 April The PRA published the 2017 stress test scenario for firms not participating in the 2017 concurrent stress test.
General insurance stress test 2017
On Tuesday 11 April the PRA sent a request to the United Kingdom's largest general insurers to provide information about the impact of a range of stress tests on their projected Own Funds, as well as providing additional information on their sectoral exposures to the UK economy.
The General Insurance Stress Test 2017 (GIST 2017) exercise is split into two broad areas of interest:
Section 1: a set of five severe but conceivable scenarios (four natural catastrophe scenarios and one economic downturn scenario consistent with the Banking Stress Test).
Section 2: a capture of exposures that will allow the PRA to better understand the impact of potential losses by various sectors of the economy.
Submission of the completed Excel template by the participating firms is requested by 17:00 on Friday 14 July 2017.
The materials related to the GIST 2017 are listed below:
General Insurance Stress Test 2017 - Scenario Specification, Guidelines and Instructions
General Insurance Stress Test 2017 - Template General Insurance Stress Test 2017 - letter to participating firms (for information)
March 2017
On 27 March 2017, the PRA issued a letter on Stress test model management principles for firms participating in the 2017 concurrent stress test.
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December 2016
On Thursday 15 December EIOPA published its report of the EIOPA insurance stress test. The PRA will take forward the EIOPA recommendations with UK insurers as appropriate.
More information on the stress tests and timescales can be found on EIOPA's website.
This page was last updated 03 July 2026