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RBS and StanChart on BoE Stress Tests: Resiliency is key

Aarti Maharaj | December 2, 2015

The Royal Bank of Scotland (RBS) and Standard Chartered (StanChart) did not quite hit the target on the Bank of England’s recent round of stress tests.

A BBC news report said that for the second year the Bank of England (BoE) has called on the U.K.’s biggest lenders to test whether they can handle another financial meltdown.

While some of the biggest U.K. lenders emerged from the tests relatively unscathed, RBS and StanChart fell below the minimum capital requirements needed to survive another financial crisis. The banks tested were not required to devise a new capital plan as a result of the stress tests.

“The test was conducted on our balance sheet as at the end of 2014,” said Bill Winters, group chief executive, StanChart. “Since then we have made further significant progress in strengthening our...

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