The Bank of England has provided the UK's banks with new stress test scenarios for them to prepare for, with zero key test being how banks can cope with a sudden slowdown of foreign interest in UK assets. Barclays, HSBC, Lloyds, RBS, and Standard Chartered are subject to the tests. A second test scenario involves weak global trade, UK interest rates being cut to one, and increased competition from smaller lenders.
The Bank of England has provided the UK's banks with new stress test scenarios for them to prepare for, with one key test being how banks can cope with a sudden slowdown of foreign interest in UK assets. Barclays, HSBC, Lloyds, RBS, and Standard Chartered are subject to the tests. A second test scenario involves weak global trade, UK interest rates being cut to zero, and increased competition from smaller lenders.