UK PRESS: According to a report on FT.com, regulators have ordered UK
banks to run a new round of tougher stress tests that assume the economy
will endure a double-dip recession that would force unemployment up to
13.3%. The banks will be required to prove that their tier core one
capital ratio – a key measure of banking safety – would stay above 4%
even if the economy contracted an additional 2.3% for a total fall of
8.1% from the boom, the Financial Services Authority said in its annual
Financial Risk Outlook.