Towards a fundamental re-design of Banks’ Stress Tests in the EU?
On 26 September 2019, Andrea Enria, Chair of the European Central Bank’s Supervisory Board, gave a speech on the future of stress testing (“The future of stress testing – realism, relevance and resources”) in which he outlined a proposal on how to achieve meaningful progress with a view to make the tests both more realistic and more relevant, with fewer resources required. Andrea Enria’s proposals involve a decisive re-design of the stress test exercise. Stress tests are currently carried out using a “constrained bottom-up approach” whereby supervisory authorities ensure a quality check of models run by banks. It is suggested to split stress tests into a supervisory view (“top-down” approach along the lines of stress tests under Dodd-Frank in the US) and a “banks’ view” (bottom-up approach).
Briefing
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Tipo de publicación
Ámbito político
Palabra clave
- ASUNTOS FINANCIEROS
- Autoridad Bancaria Europea
- balance
- banco
- economía monetaria
- EMPRESA Y COMPETENCIA
- gestión contable
- inspección bancaria
- instituciones de la Unión Europea y función pública europea
- instituciones financieras y de crédito
- libre circulación de capitales
- supervisión financiera
- unión bancaria de la UE
- UNIÓN EUROPEA