Bank of England publishes Discussion Paper on framework for stress testing the UK Banking System

The Bank of England has recently published a discussion paper setting out proposals for annual, concurrent stress tests of the UK banking system. Its aim is to elicit feedback from interested parties to help inform FPC and PRA Board decisions over the ultimate design of the stress tests. The Financial Policy Committee recommended in March 2013 that, ‘looking to 2014 and beyond, the Bank and…

Source: Chartered Accountants Ireland

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