01-01-1970 12:00 AM | Source: Reuters
Bank of England tweaks stress test of banks in light of COVID-19
LONDON - The Bank of England said on Wednesday the aim of its banking stress test this year is to check if lenders can continue helping the economy during the pandemic and allow the return to more normal levels of dividends for shareholders.
"The focus this year will be to inform judgements about the most appropriate ways in which the banking system can continue to support the economy through the ongoing stress," the BoE said in a statement.
"As noted in the December 2020 Financial Stability Report, the results of the 2021 test will also be used as an input into the Prudential Regulation Authority's transition back to its standard approach to capital-setting and shareholder distributions through 2021."
Latest News
Byju`s pays April salary in full, except to sales em...
Raymond posts 18 per cent jump in Q4 net profit at R...
Zomato CEO calls experienced ex-restaurateurs to hel...
RBI tweaks rules to cut risk banks face in exposure ...
Raymond posts 18 per cent jump in Q4 net profit at R...
Daily Market Commentary : Nifty after marking a new ...
Priyanka says being part of `Womb` has been nothing ...
Buy Zinc Above 259 SL. BELOW 256 TGT 263/264 - Axis...
From Alaya F to Daler Mehndi & Sudhanshu Pandey, cel...
T20 World Cup: `Four spinners... Rinku Singh should ...