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BOE suspends 2020 annual stress tests for banks

In the latest statement released on its website, the Bank of England (BOE) announced the suspension of all the stress tests for banks in 2020.

The central bank announced some supervisory and prudential measures to address the challenges posed by the coronavirus outbreak.

Additional points

Pausing stress test exploratory scenarios on liquidity, climate risk.

The UK banking system resilient to deep recession.

Author

Dhwani Mehta

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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