Alex Brazier, the Bank of England's (BoE) newly appointed executive director for financial stability strategy and risk, today outlined a number of ways in which he hopes to improve stress testing in the UK.

The UK's stress test last year, the first to test banks concurrently, was a "big step forward", Brazier said, during his appointment hearing before the Treasury Select Committee.

The tests were "really tough", he said, and importantly tested banks alongside one another, allowing supervisors