EBA publishes stress test results: EBA has published the results of its 2014 EU-wide stress test of 123 banks. It found the CET1 drops by 260 basis points, from 11.1% (after the asset quality reviews' (AQRs) adjustment) to 8.5% after the stress. It says banks made significant progress in preparation for the test and that the results show a joint effect of the AQR and the stress test of 300 basis points. Over the three-year horizon of the exercise, 24 banks would fall below the 5.5% CET1 threshold and the overall shortfall would total €24.6 billion. For the first time, EBA disclosed the impact of the stress test also on the fully implemented ratios under the fourth Capital Requirements Directive and Regulation (CRD 4). The fully loaded CET1 ratio in 2016 under the adverse scenario for the banks included in the sample would be 7.6%. (Source: EBA Publishes Stress Test Results)

EBA updates ITS validation rules: EBA has published a revised list of validation rules in its Implementing Technical Standards (ITS) on supervisory reporting. The list notes those that have been deactivated because they either were wrong or caused IT problems. EBA has told national supervisors not to validate data under the relevant ITS against any deactivated rules. (Source: EBA Updates ITS Validation Rules)

EBA updates single rulebook FAQs: EBA has published more questions in its single rulebook questions and answers. (Source: EBA Updates Single Rulebook FAQs)