The European Banking Authority (EBA) is consulting on its draft guidelines on Deposit Guarantee Schemes (DGSs) stress tests. The proposed guidelines are intended to promote the quality and the consistency of these stress tests.
The guidelines will require DGSs across the EU to establish a programme of tests over a period of two to five years, covering specific scenarios and indicators. The guidelines identify key areas to be assessed, the types of intervention scenarios to be tested, and uses of funds provided for under the DGSD. The key areas to be tested range from data access to operational resources to communication and payments. DGSs will be required to run a number of priority tests and to report the results by 3 July 2019.
The consultation runs until 8 February 2016.