On October 10, 2014, the EBA announced that it will publish the results for the EU-wide stress test for the banking sector on October 26, 2014. The European Central Bank (“ECB”) simultaneously announced that it will publish the results of the comprehensive assessment on the same date. The aim of the EU-wide stress test is to assess the resilience of EU banks to adverse market conditions as well as evaluate how systemic risks might increase in stress situations. The 2014 EU-wide stress test forms part of the ECB’s comprehensive assessment. The ECB will assume new banking supervision responsibilities from November 4, 2014 under the Single Supervisory Mechanism and will directly supervise the largest Eurozone banks.
The EBA press release is available at:
and the ECB announcement is available at: