New Stress Tests For European Banks

The European Banking Authority (EBA) launched its stress tests for European banks on January 31. This two-year exercise will involve 51 European Union (EU) banks, including United Kingdom-based banks, with 2020 being a transition year following Brexit.

Key points

• Key points:
• These exercises analyze the banks' resilience to adverse shocks.
• The sample of banks covers around 70% of total banking sector assets in Europe.
• Spain's five largest banks are involved, and the results are expected to be published before July 31.

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