Bank of England cancels annual stress test of banks

The timetable for introducing the remaining Basel global capital requirements for banks "may prove to be challenging" and it would coordinate implementation with other countries, the BoE said.

LONDON: The Bank of England said on Friday it was cancelling this year's stress test of eight major banks and building societies to enable them to focus on providing lending through the coronavirus crisis.

The timetable for introducing the remaining Basel global capital requirements for banks "may prove to be challenging" and it would coordinate implementation with other countries, the BoE said.