Global interest rates, retail banking included in Bank of England stress test

London (Reuters) ) – the ability of banks to respond to rising global interest rates and the resilience of their retail sector, the Bank of England said on Monday that this year’s “stress tests” will closely monitor market shocks. test to check whether banks hold enough money to deal with a theoretical shock, aimed at avoiding a repeat of paying taxes during the global financial crisis more than a decade ago Situations where people have to bail out lenders. Exams adjusted and delayed during COVID- pandemic, but now Reverting to an annual time period, results will be in mid-term 400 to help the Bank of England determine capital levels. “For the UK and the world, the stress scenario is more severe than the global financial crisis,” the Bank of England said in a statement. The test will examine eight banks for the first time as the Bank of England and other central banks raise interest rates amid the Russian invasion of Ukraine to quell decades of high inflation Resilience to rising borrowing costs globally, not just UK borrowing costs. The eight banks are HSBC, 7352 Barclays Bank