Tory Peer: Bank analysis 'not a forecast'published at 12:26 Greenwich Mean Time 29 November 2018
Private notice question
House of Lords
Parliament
Conservative peer Lord Forsyth asks the minister to confirm that the documents released by the Bank of England (BoE) yesterday "are not forecasts".
Instead, he says they are "scenarios" that the BoE uses to make sure banks have enough capital to withstand "extreme conditions".
In reply, Lord Bates says he agrees the analysis should be "placed in the wider debate" and not "taken out of context".