360° Coverage : Bank of England unveils stress test plans

11 Updates
Bank of England unveils stress test plans
Photo Credit: , Getty Images

Bank of England unveils stress test plans

Oct 2 2013, 6:04am CDT | by IANS

London, Oct 2 (IANS) Bank of England (BOE) unveiled plans for stress testing of British banks which could see increases in the amount of capital they are obliged to hold.

London, Oct 2 — Bank of England (BOE) unveiled plans for stress testing of British banks which could see increases in the amount of capital they are obliged to hold. "Looking to 2014 and beyond, the...

Filed under: news

YouTube Videos

 
 
 

1 year ago

Bank of England unveils stress test plans

Oct 2 2013, 6:04am CDT | by IANS

London, Oct 2 (IANS) Bank of England (BOE) unveiled plans for stress testing of British banks which could see increases in the amount of capital they are obliged to hold.

London, Oct 2 — Bank of England (BOE) unveiled plans for stress testing of British banks which could see increases in the amount of capital they are obliged to hold.

"Looking to 2014 and beyond, the Bank and Prudential Regulation Authority (PRA) should develop proposals for regular stress testing of the British banking system. The purpose of those tests would be to assess the system's capital adequacy," the bank said in a paper.

The bank's position as spelt out in a discussion paper that follows recommendations from the Financial Policy Committee (FPC) of the BOE in March 2013, Xinhua reported Tuesday.

Details include the expected coverage of institutions, considerations around scenario design, and the approach to modelling the impact of scenarios on bank profitability and capital ratios.

It discusses how the outputs of stress tests could be used to inform policy decisions and options around disclosure of stress test results.

The BOE has already been running stress tests on banks on an ad hoc basis in the wake of the 2008 financial crisis.

In a speech Tuesday in London, BOE deputy governor Paul Tucker examined how a clear framework for stress testing banks and other key financial institutions can help micro and macro-prudential regulators.

Tucker said a "stress testing regime can enhance the quality of the bank's macro and micro prudential supervision and over time, underpin confidence in the banking system".

"Policymakers need a good framework for assessing banks' capital adequacy in different circumstances, both at the level of the system a whole and for individual firms," said Tucker.

IANS

Source: IANS

 
Update
11

2 weeks ago

This Chart Shows Why The Bank Of England Won't Raise Rates Any Time Soon

Nov 4 2014 9:10am CST | Source: Business Insider

In recent weeks, there's been growing interest in whether the Bank of England is thinking about raising rates sooner than expected.  The fresh round of speculation comes after Martin Weale, one of two members of the Bank's Monetary Policy Committee who has been voting for a modest rate hike, laid out his views in a speech on 15 October. He said: "Most of the businesses I talk to discuss settlements in the range of two to three per cent, and the Bank’ ...
Source: Business Insider   Full article at: Business Insider
 

 
Update
10

2 weeks ago

Aussie Dollar Drops on Chinese Data, Pound at Risk on Soft PMI Report

Nov 4 2014 12:18am CST | Source: Forex News

Talking Points: Australian Dollar Sinks Following Soft Chinese Manufacturing PMI Report US Dollar May Look Past Soft ISM Print After Jumping to Four-Year High Pound at Risk if Slowing Factory Sector Trims BOE Rate Hike Speculation The Australian Dollar underperformed to start the trading week, sliding as much as 0.7 percent on average against its leading counterparts. The drop followed a disappointing Chinese Manufacturing PMI reading released ...
Source: Forex News   Full article at: Forex News
 

 
Update
9

2 weeks ago

Euro, Yen Fall To Dollar Ahead Of U.S. Jobs Report

Nov 3 2014 8:06am CST | Source: Forbes Real Time

The euro slid against the U.S. dollar on Monday to a two-year low and is likely to remain on the back foot ahead of the European Central Bank’s (ECB) regular policy-setting meeting scheduled for Thursday. It's another busy week ahead for central banks with the Reserve Bank of Australia (RBA) and the Bank of England (BoE) joining the ECB with their rate-setting meetings. Governor Glenn Stevens at the RBA will get to put the market through its ...
Source: Forbes Real Time   Full article at: Forbes Real Time
 

 
Update
8

3 weeks ago

Economic Outlook: Don’t miss these 5 highlights in Europe next week

Oct 31 2014 12:31pm CDT | Source: MarketWatch

All eyes are on the ECB to see if it’ll make any monetary-policy surprises next week. The Bank of England also meets, while a raft of data will keep investors busy in between. ...
Source: MarketWatch   Full article at: MarketWatch
 

 
Update
7

3 weeks ago

BOE Toughens Standards for U.K. Banks

Oct 31 2014 9:32am CDT | Source: WSJ.com: Europe Home

Britain’s biggest banks will be subject to tougher new capital requirements from 2019 under plans announced by the Bank of En ...
Source: WSJ.com: Europe Home   Full article at: WSJ.com: Europe Home
 

 
Update
5

3 weeks ago

The Wall Street Journal: BOE to toughen leverage rules for biggest U.K. banks

Oct 31 2014 9:15am CDT | Source: MarketWatch

RBS, Lloyds and other large lenders will come under higher capital standards under plans from the Bank of England, meant to avoid taxpayer bailouts ...
Source: MarketWatch   Full article at: MarketWatch
 

 
Update
4

3 weeks ago

The UK Housing 'Bubble' Is Deflating

Oct 29 2014 6:03am CDT | Source: Business Insider

The Bank of England released new figures Wednesday providing more evidence that fears of a house price bubble in have been overblown. Property prices in the UK have risen sharply since hitting post-crisis lows in 2011. Over the past year along prices have risen by 7.2% across the country, with London prices up an astonishing 18.4%. Much of this is due to deferred demand from the crisis, with many people putting off home moves while the economy was weak, and over-ent ...
Source: Business Insider   Full article at: Business Insider
 

 
Update
3

3 weeks ago

Bitcoin Barely Changed as Blockchain Technology Has New Supporter

Oct 27 2014 11:10am CDT | Source: Forex News

Want to Trade Bitcoin? ForexNews RecommmendsClick Here To Learn More. Bitcoin is trading barely changed after another day spent around the $350 figure. Earlier today prices fell to a low of $342.20 only to rally to a daily high of $354.30 few hours later. We are currently trading at $353 per coin on BTC-E. As usual prices are slightly higher on OKCoin at $354 and at BitStamp at $356 for one bitcoin. Here’s how today’s trading session looked on BTC-E. The two points ...
Source: Forex News   Full article at: Forex News
 

 
Update
2

3 weeks ago

Pound to Fall on Ebbing BOE Rate Hike Bets if 3Q UK GDP Underperforms

Oct 27 2014 1:12am CDT | Source: Forex News

Talking Points: Pound to Fall on Ebbing BOE Rate Hike Outlook if 3Q GDP Underperforms Yen Rose and Aussie Dollar Fell in Asia, Mirroring Slide in S&P 500 Futures Place Economic Releases Directly on Your Charts with the DailyFX News App Third-quarter UK GDP figures headline the economic calendar in European trading hours. A slowdown is expected, with output rising 0.7 percent in the three months through September compared with 0.9 percent in the prior period. UK news ...
Source: Forex News   Full article at: Forex News
 

 
Update
1

4 weeks ago

BoE Deputy Governor: Stop Blaming Central Bankers For Your Problems

Oct 24 2014 7:55am CDT | Source: Business Insider

Bank of England deputy governor for monetary policy Ben Broadbent gave a speech this Thursday at the Society of Business Economists Annual Conference. His message was simple: stop blaming central banks for high asset prices. There's been a long-term decline in the risk-free rate of interest, he said. But you know what? It's a secular decline, and monetary policy isn't the only thing affecting markets. "Autonomous changes in ...
Source: Business Insider   Full article at: Business Insider
 

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

Carla Bruni to lend voice to combat Ebola
Paris, Nov 22 (IANS/EFE) Former model and former first lady of France, Carla Bruni, will lend her voice to the French version of the song "Do They Know It's Christmas?" to raise funds to help combat Ebola.
 
 
Spanish health worker flown home after possible Ebola contagion
Madrid, Nov 21 (IANS) A Spanish health worker with Doctors Without Borders (MSF) arrived back in Spain Friday morning from Mali after being deemed at risk of contagion from the Ebola virus.
 
 
Japanese government concerned by yen's rapid fall against dollar
Tokyo, Nov 21 (IANS/EFE) Japanese Finance Minister Taro Aso Friday expressed concern over the sharp depreciation of the yen against the dollar this week, and said abrupt movements in the foreign exchange market were not beneficial to the Japanese economy.
 
 
WHO declares DRC Ebola-free
Geneva, Nov 21 (IANS) The World Health Organisation (WHO) Friday declared the end of the Ebola outbreak in the Democratic Republic of Congo (DRC).
 
 
 

Latest from the Network

Kris Jenner keen on Kourtney and Khloe double wedding
Kris Jenner wants Kourtney and Khloé Kardashian to have a double wedding. The 59-year-old manager reportedly thinks Kourtney should marry Scott Disick and Khloé should marry French Montana during the same ceremony for...
Read more on Celebrity Balla
 
Miley Cyrus and Patrick Schwarzenegger planning holiday
Miley Cyrus and Patrick Schwarzenegger are planning to go on a romantic holiday. The 'Wrecking Ball' hitmaker is said to be smitten with the 21-year-old hunk - the son of Hollywood legend Arnold Schwarzenegger and Maria...
Read more on Celebrity Balla
 
Kelly Brook's Winter Chunderland
Kelly Brook was nearly sick at London's Winter Wonderland attraction yesterday (20.11.14). The 34-year-old model attended the VIP launch of the annual festive fair in Hyde Park, and admitted to feeling worse for wear...
Read more on Celebrity Balla
 
Katy Perry and will.i.am to cover Imagine for UNICEF
Yoko Ono, Katy Perry, will.i.am and David Guetta are among the celebrities who have recorded a cover of John Lennon's 'Imagine' to raise funds for UNICEF. The star-studded cover will be accompanied by an interactive...
Read more on Celebrity Balla
 
Spanish health worker flown home after possible Ebola contagion
Madrid, Nov 21 (IANS) A Spanish health worker with Doctors Without Borders (MSF) arrived back in Spain Friday morning from Mali after being deemed at risk of contagion from the Ebola virus. MSF confirmed the female...
Read more on Business Balla
 
Ukraine accuses Russia of cross-border shelling (Roundup)
Kiev, Nov 21 (IANS) Ukraine Friday accused Russia of carrying out cross-border shelling against Ukrainian positions in the eastern part of the country even as pro-Russian separatists put the toll in the ongoing...
Read more on Politics Balla
 
Obama set to be chief guest at India's R-Day (Lead, changing dateline)
Washington, Nov 21 (IANS) Signifying a renewal of the India-US strategic partnership, President Barack Obama has accepted Prime Minister Narendra Modi's invitation to join India's Republic Day celebrations as chief...
Read more on Politics Balla
 
Chinese court upholds life sentence against Uyghur activist
Beijing, Nov 21 (IANS/EFE) A court in western China has upheld the conviction and life sentence handed down against Uyghur activist Ilham Tohti, who appealed the sentence when it was first passed in September, one of...
Read more on Politics Balla
 
Matt Smith to star in Patient Zero
Matt Smith has been cast in 'Patient Zero'. The former 'Doctor Who' star has signed on to appear in the infection film which will see him have to cope with the aftermath of a worldwide viral pandemic across the Earth....
Read more on Movie Balla
 
Mick Jagger praises 'amazing' Chadwick Boseman
Sir Mick Jagger claims Chadwick Boseman is ''amazing'' as James Brown in the singer's biopic 'Get On Up'. The 71-year-old Rolling Stones rocker co-produced the movie and praised the young actor for his portrayal of the...
Read more on Movie Balla