On December 16, 2014, the BoE published the results of the first stress testing exercise of the UK banking system. The eight banks and building societies subject to this exercise were Barclays Bank, Co-operative Bank, HSBC Bank, Lloyds Banking Group, Nationwide Building Society, Royal Bank of Scotland, Santander UK and Standard Chartered. The PRA Board found no capital inadequacies for Barclays, HSBC, Nationwide, Santander UK and Standard Chartered according to their balance sheets as at the end of 2013 and does not require these banks to put forward any revised capital plans. The PRA Board found that the Co-operative Bank, Lloyds Banking Group and Royal Bank of Scotland need to improve their capital position but only required the Co-operative Bank to submit a revised capital plan.
The press release and stress test are available at: