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Details of UK banks' 2022 stress test published by BOE

( September 26, 2022, 09:44 GMT | Official Statement) -- MLex Summary: UK banks have been given scenarios for the 2022 stress test by the Bank of England today. The exercise will subject big lenders to hypothetical recessions in the UK and global economies, and will help to determine their capital buffers. The 2022 test will stress hypothetical scenarios including residential property prices falling by 31 percent and inflation peaking at 17 percent in 2023. Results will be published in next summer.Statement follows. ...

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