BoE to test UK banks against double-dip Covid recession
Stress simulation falls short of actual coronavirus crisis shock to the UK economy
The resilience of the UK’s eight top lenders to a second Covid-like recession will be tested by the Bank of England using a stress scenario tougher than that used in 2019 or 2018.
The 2021 solvency stress test, details of which were released today (January 20), signals the resumption of the BoE’s annual stress-testing programme after its interruption last year in light of the coronavirus crisis
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