BoE plans to link system-wide and individual stress tests
Meanwhile, ECB wants to broaden system-wide stress models to include central counterparties
The Bank of England plans to combine its newly designed system-wide stress test with traditional firm-level stress tests into a single, co-ordinated framework, in a bid to more thoroughly capture risks and interconnections across the financial system, according to a senior official.
The BoE’s first system-wide exploratory scenario (Swes) stress-testing exercise, completed in late November 2024, has
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