|
|
On 16 March 2018, the BoE published details of the 2018 annual cyclical scenario (ACS) for the seven major UK banks and building societies. The scenario was agreed by the Financial Policy Committee (FPC) and Prudential Regulation Committee (PRC).
The 2018 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.
The Bank has received banks’ initial stress-testing submissions and is in the process of analysing the results. The full annual stress test results will be published in the Financial Stability Report at 07:00 hrs (GMT) on 5 December 2018. No results for individual firms will be published prior to this date.