BoE’s Brazier defends new stress testing framework
Spotting the UK's position in the financial cycle will be tricky
Bank of England (BoE) executive director Alex Brazier defended the central bank's new systematic approach to stress testing today (October 30), tackling questions from a roomful of economists at the London School of Economics.
Brazier is responsible for financial stability strategy and risk at the BoE, and headed up the recent project to revamp UK stress testing of financial institutions. The new stress tests are designed to become harsher as the financial sector enters a boom, but ease off in a
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