October 18, 2019 / 9:25 AM / 25 days ago

Bank of England to publish 2019 bank stress tests on December 10

FILE PHOTO: The Bank of England and the Royal Exchange are seen in the City of London, Britain, February 7, 2019. REUTERS/Hannah McKay/File Photo

LONDON (Reuters) - The Bank of England said on Friday it would publish the results of its annual assessment of banks’ readiness for financial shocks at 1700 GMT on Dec. 10.

Earlier this year the BoE said it would look at the resilience of Britain’s banking system to deep simultaneous recessions in the domestic and global economies and large falls in asset prices, and separately to misconduct costs.

Barclays, HSBC, Lloyds Banking Group, Nationwide Building Society, Royal Bank of Scotland, Santander UK and Standard Chartered are taking part in the process, which looks at whether they hold enough capital.

Reporting by David Milliken; editing by Kate Holton

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