BoE paper says system-wide stress-testing would bring benefits

Extending bank stress testing to the wider financial system could be the next step by regulators to root out weaknesses that undermine stability, a Bank of England paper said on Wednesday. The Bank has been conducting its own stress test of banks since the 2007-09 financial crisis, supplementing European Union tests. The BoE has already spoken about stress testing the asset management sector as well, but in its Quarterly Bulletin published on Wednesday, it went a step further to outline the bene