The Bank of England (BoE) has published the key elements of the 2016 stress test that will be applied to the largest UK banks and building societies, and the accompanying guidance.

The test has been designed under the new annual cyclical scenario framework that has been fully designed and calibrated by BoE staff, and discussed and agreed by the Financial Policy Committee and PRA Board.

The results of the 2016 stress test will be published in Q4 2016.

View BoE outlines key elements of 2015 stress test of UK banking system, 29 March 2016