Bank of England says UK lenders could cope with ‘disorderly’ Brexit — as all banks pass stress tests for the first time
|11/28/2017||Posted by BusinessMediaguide.Com under General World News||
- All seven of the UK’s biggest lenders pass the Bank of England’s 2017 stress test.
- 2017 marks the first time all banks have passed since the introduction of the tests four years ago.
“The 2017 stress test shows the UK banking system is resilient to deep simultaneous recessions in the UK and global economies, large falls in asset prices and a separate stress of misconduct costs,” the BoE said.
- Banks would be OK, even in the event of a “disorderly” Brexit, according to the BoE.
LONDON – Britain’s major banks all passed the Bank of England’s annual stress tests for the the first time read more >>>