BoE to conduct ‘desk-based stress test’ for 2024
Financial policy committee warns of some risks in UK corporate and household finance
The Bank of England will conduct a “desk-based stress-test exercise” next year rather than an annual cyclical scenario test, it announced on October 10.
The BoE discussed its decision in its financial policy committee’s latest quarterly report. The FPC report also expressed some concerns about corporate markets and UK consumer debt.
In an ACS stress test, the BoE produces a single scenario, and banks provide balance sheet data and their own reports on how they would fare under the given
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