Moody's: PRA's Stress Test Results Confirm the UK Banking Sector Is Resilient to UK-Specific Risks

London, 17 December 2014 -- The results of the Prudential Regulation Authority's (PRA) UK-specific stress tests on the eight largest UK banks and building societies demonstrate enhanced capital positions and improved asset quality for the system as a whole and shows that the UK banking system has the capacity to withstand unexpected losses resulting from UK-specific risks, says Moody's Investors Service. This should help to restore confidence in the UK banks following the large losses that some of these institutions reported during the 2007-08 financial crisis. The PRA's results are broadly in line with Moody's expectations and capital assessments, which are reflected in the banks' existing ratings.

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