So says BOE gov Carney in a prepared statement with the release of the bank stress test results
- Co-operative Bank the only one to fall below the 4.5% capital threshold but BOE accepts revised capital plan
- RBS exceeded 4.5% threshold after submitting revised capital plan.
- Lloyds exceeded threshold, not required to submit revised capital plan
- BOE gives clean bill of health to Barclays, HSBC, Nationwide, Santander UK and Standard Chartered
- BOE FPC decideds no macro-prudential actions needed in response to UK stress tests
- FPC says risks from housing market have not risen since June but household debt still high
- UK banks’ recent misconduct and operational failings show better governance needed
Pound unfazed by the published results which you can read in full here