BaFin and Bundesbank Postpone Stress Test Exercise Amid COVID Crisis
Due to COVID-19 outbreak, BaFin and Bundesbank are postponing the planned stress test for 2021-22 for less significant institutions. The provisional schedule, including the trial-run planned for Autumn 2020, will be postponed by one year. BaFin and Bundesbank will approach the Less Significant Institutions stress test committee with a new schedule as soon as they can better assess the consequences of COVID-19 crisis. BaFin also published a list of frequently asked questions on reporting and supervisory issues, in light of the COVID-19 situation.
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Keywords: Europe, Germany, Banking, Less Significant Institutions, COVID-19, FAQ, Stress Testing, Bundesbank, BaFin
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