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UK regulator proposes increase in bank deposit protection limit to 110000 pounds
Britain's Prudential Regulation Authority has proposed increasing the deposit protection limit for savers from £85,000 to £110,000 in the event of a bank failure. This change aims to enhance financial security for consumers, reflecting the evolving economic landscape. The current limit has been in place since 2017.
bank of england initiates 2025 capital stress test for major banks
The Bank of England has initiated its 2025 bank capital stress test for the UK's seven largest banks and building societies, assessing their ability to withstand severe economic shocks. Results will be released in Q4 2025, evaluating resilience against deep recessions, asset price declines, and increased misconduct costs. The participating institutions, including Barclays and HSBC, account for 75% of lending to the real economy.
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