The FSA is to step up its monitoring of banks' financial health by testing them against 8.1% economic contraction, from peak to trough until 2014, and a 13.3% unemployment rate.
The scenarios compare with the 6.9% contraction and 12.5% unemployment measures used last year. The economy shrank 6.2%, the sharpest fall since record began, but started to grow again at the end of last year. Read more...
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