BoE agrees to refine stress-testing in light of review

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The Bank of England is to refine its approach to stress-testing, after the Independent Evaluation Office found the framework was working but could still be improved.

The BoE said today (April 24) it was “committed” to implementing all of the IEO’s recommendations, which fall under three broad headings: advancing macro- and micro-prudential objectives; delivering the cyclical and exploratory scenarios more effectively; and communicating outcomes “appropriately”.

“The Bank of England welcomes

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