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January 31, 2018

The 2018 EU-wide stress test is being launched and ECB announced that it will examine 37 euro area banks as part of this exercise. EBA will coordinate the EU-wide exercise in cooperation with the ECB and national authorities.

In line with the EBA selection criteria, these banks, which are directly supervised by ECB, represent 70% of total euro area banking assets. The ECB list includes banks from ten euro area countries, including four Greek banks. The four Greek banks, directly supervised by ECB, will undergo the same stress test under the EBA scenario and methodology. However, to complete the test before the end of the third European Stability Mechanism stability support program for Greece, the timetable will be accelerated and the results are expected to be published in May.

The EU-wide stress test being launched now will be conducted according to the EBA methodology, templates, and scenarios. Results of individual banks are expected to be published by November 02, 2018. ECB will conduct its own stress test in parallel for the significant institutions that are not covered by the EU-wide EBA stress test. This, while consistent with EBA methodology, will also consider the smaller size and lower complexity of these institutions. Stress test results for all significant institutions will be used to assess the Pillar 2 capital needs of individual banks in the context of the Supervisory Review and Evaluation Process or SREP.

 

Related Link: Press Release

Keywords: Europe, EU, Banking, Stress Testing, 2018 EU Stress Testing, ECB

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