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Bank of England takes off the shackles from lenders

Mar 20, 2020 - The Evening Standard (London)

THE Bank of England made one of its most significant interventions to help banks cope with the coronavirus crisis today, cancelling so-called stress tests on the major lenders.

That move is intended to help banks support employers and the wider economy without having to worry that they will fall foul of the regulators.

The tests measure whether the top eight banks, and Nationwide building society, would survive a major economic crash. The banks passed the last exam in December, with ...