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BOE outlines parameters of 2015 stress tests

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Bank of England governor Mark Carney says that by assessing the resilience of the UK banking system against a major external shock, "we will ensure that banks have plans in place to address a wider range of possible stresses".

London

THE Bank of England said that it would test major British banks on their potential performance against financial shocks including a global slowdown, a sharp drop in inflation and a reduction in worldwide appetite for risk.

This year's test is intended to better reflect the...

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