A general view of the Bank of England (BoE) building, the BoE confirmed to raise interest rates to 1.75%, in London, Britain, August 4, 2022.
REUTERS/Maja Smiejkowska/File PhotoLONDON, Sept 26 (Reuters) - Banks' ability to cope with rising global interest rates and the resilience of their retail divisions to market shocks will be under scrutiny in this year's "stress test", the Bank of England said on Monday.
It will test "ring-fenced" retail arms of banks on a standalone basis for the first time, the BoE said.
There will be a separate stress test of misconduct costs.
The test has no pass or fail mark but a bespoke "hurdle" for each bank.