Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

UK banks to face house price crash and rate spike tests

2 comments
UK banks to face house price crash and rate spike tests

The UK’s high street banks are to be stress-tested to see if they could withstand a 35% slump in house prices or a sudden spike in interest rates to 5%.

The Armageddon tests will be carried out by the Bank of England this year and any banks failing could be forced to raise fresh capital, according to a report on Sky News.

The details of the stress-tests, which were devised by the Prudential Regulatory Authority and the BoE’s Financial Policy Committee, are to be announced later today at 12:30pm.

The European Banking Authority is set to carry out similar doomsday scenario tests on continental lenders.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Your Business: Cover Star Club

Profile: The godfather of fund-of-hedge-funds on the sector's future

Profile: The godfather of fund-of-hedge-funds on the sector's future

When Dixon Boardman started 26 years ago ‘there were 600 hedge funds and only 100 had $100 million – it was not even a cottage industry,’

Wealth Manager on Twitter