Bank of England's Mark Carney on the release of UK bank stress test details
- Test will check banks resilience to external shocks
- Scenarios include severe market stress and liquidity drop
- Will include scenario of a global slump affecting Aisa and Eurozone
- Pass mark is 4.5% core equity tier 1 capital
- Will include 3% leverage ratio threshold
- Will test scenario of prolonged UK deflation
- Will test Chinese GDP slowing to 1.7% and oil falling to $38
These are the details of the BOE's stress tests for 2015
. Results of the tests will be published Q4 2015