Bank of England says coronavirus tougher than banks' stress test

LONDON (Reuters) - The shock from coronavirus to banks is set to be greater but less prolonged than lenders faced in last year's stress test and the financial system remains resilient, the Bank of England said on Tuesday."Major UK banks are well able to withstand severe market and economic disruption," the BoE's Financial Policy Committee said in a statement from meetings it held on March 9 and March 19.The FPC had already announced that banks can use the capital they hold in their counter..