Stress Test Rules For Big Banks To Be Broadened, BOE Says

Law360, London (December 6, 2017, 8:16 PM GMT) -- Rules governing how the U.K.’s biggest banks are expected to manage model risk in annual stress tests that gauge their ability to weather another financial crisis could be extended to the wider banking sector under proposals published by the Prudential Regulation Authority on Wednesday.

The PRA, which is the regulatory arm of the Bank of England, has published a consultation on more stringent guiding principles for banks as they complete stress test exercises for both internal and regulatory purposes. The watchdog also wants smaller banks that...
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