LONDON, March 20 (Reuters) - The Bank of England said on
Friday it was cancelling this year's stress test of eight major
banks and building societies to enable them to focus on
providing lending through the coronavirus crisis.
"The recent 2019 stress test showed that the UK banking
system was resilient to deep simultaneous recessions in the UK
and global economies that are more severe overall than the
global financial crisis, combined with large falls in asset
prices and a separate stress of misconduct costs," the BoE said.
The BoE also said it was delaying other regulatory reports
on bank liquidity and climate risk, and a study into open-ended
investment funds.
(Reporting by David Milliken; editing by Guy Faulconbridge)