And BOE follows with details of UK stress test

Shortly after EBA, the  BOE published its own stress test definition.

From the announcement: "A key threshold for the UK variant test will be set at 4.5% of Risk Weighted Assets (RWAs), to be met with Common Equity Tier 1 (CET1) capital in the stress – using a CRD IV end-point definition of CET1 in line with the UK implementation of CRD IV. If a firm’s c…