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UK banks could weather a severe global downturn, BOE finds

( November 29, 2024, 10:42 GMT | Official Statement) -- MLex Summary: UK banks would maintain a strong capital position even if financial and economic conditions were to be “substantially worse than expected,” the Bank of England said in its stress test results released today, adding that from now on it would update its approach to test banks only every two years, not annually. The BOE also published the results of the non-banks’ System-Wide Exploratory Scenario, or SWES, and of the central counterparties’ stress tests....

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