Andrew Bailey Chief Executive Officer of the Prudential Regulation Authority
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Bank of England: 'Co-op has more to do to build its resilience'

The Co-operative Bank has failed a "stress test" by the Bank of England that assessed major UK lenders' ability to withstand another financial crisis.

A further two banks - Lloyds Banking Group and Royal Bank of Scotland - were found to be at risk in the event of a "severe economic downturn".

The Bank of England official behind the tests, Andrew Bailey, explained to the BBC's Kamal Ahmed what the the tests have revealed about the resilience of the financial system in the UK.

  • 16 Dec 2014
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