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ESBG members' stress test, asset quality review results positive

ESBG members' stress test, asset quality review results positive


AQR provides ECB with substantial information on banks that will fall under its direct supervision. 








​​​BRUSSELS, 27 October 2015 – Results of the Stress Tests and the Asset Quality Review (AQR), published on Sunday 26 October by the European Banking Authority and by the European Central Bank, were positive for ESBG members.​ The AQR provided the ECB with substantial information on the banks that will fall under its direct supervision. Among these banks figure several ESBG members.

For banks which were submitted to the AQR, this exercise provided a starting point for the stress tests that assessed the resilience of EU banks to adverse economic developments and helped supervisors assess individual banks by contributing to understanding systemic risk in the EU and by fostering market discipline. Here also, and similarly for the banks which were submitted to the AQR, the results of the stress tests revealed the resilience of ESBG members.

The ESBG Managing Director, Chris De Noose, stated “Although these exercises implied many efforts from banking institutions, amongst which the savings and retail banks, they are contributing to increase transparency and confidence not only to the markets but also to our clients, which is our ultimate "raison d'être".

Stress testing; Asset Management; Supervision; Regulation; European Institutions; European Supervisory Authorities (EBA-ESMA)