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<p>The Government supports the use of stress tests as a tool to ensure the ongoing
resilience of the European Union’s banking sector. Well capitalised banks, under a
robust regulatory framework, are better able to lend to the economy, supporting jobs
and growth. A full response to the European Banking Authority’s (EBA) report has been
published by the Bank of England (BoE). The BoE noted that the results of the latest
EBA test confirmed the results of earlier BoE stress tests that the participating
UK banks would be resilient to a severe economic and market stress. The BoE will publish
the results for its next annual stress tests on 5 December.</p>
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