Standard Chartered PLC Statement on the BoE 2019 Stress Test Results (0605X)
December 16 2019 - 1:26PM
UK Regulatory
TIDMSTAN
RNS Number : 0605X
Standard Chartered PLC
16 December 2019
Standard Chartered PLC - statement on the Bank of England 2019
stress test results
Standard Chartered PLC (the Group) notes the publication today
by the Bank of England of the results of its 2019 stress test
exercise. The results showed that, under the Bank of England's
hypothetical annual cyclical scenario, the Group exceeded all
hurdle rates. The Group has a diverse and liquid balance sheet and
these results demonstrate the Group's continued capital strength
and increased resilience to stress.
The Financial Policy Committee also announced that it is raising
the level of the UK countercyclical capital buffer rate from 1% to
2%, taking effect in one year. Given relevant UK exposures, this
will not materially impact the Group's capital requirements.
The results of the Bank of England's 2019 stress test are
available to view in full on their website at:
https://www.bankofengland.co.uk/stress-testing/2019/bank-of-england-stress-testing-results
For further information, please contact:
Mark Stride
Global Head, Investor Relations
+44 (0)20 7885 8596
mark.stride@sc.com
Julie Gibson
Head of Group Media Relations
+44 (0)20 7885 2434
julie.gibson@sc.com
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contact rns@lseg.com or visit www.rns.com.
END
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