On 18 October 2019, the Bank of England (BoE) announced that it will publish the results of its annual stress test for the UK banking system on 10 December 2019.
In March 2019, the BoE published details of the 2019 annual cyclical scenario (ACS) for the seven major UK banks and building societies. The 2019 ACS assesses the resilience of the UK banking system to deep simultaneous recessions in the UK and global economies, large falls in asset prices and a separate stress of misconduct costs. The BoE notes that the stress incorporated in the ACS is not a forecast.
The BoE has received the banks’ initial stress-testing submissions and is in the process of analysing the results. No results for individual firms will be published prior to 10 December 2019.