CEBS states that it is not a stress test to identify individual banks that may need recapitalization, as the assessment of specific institutions' needs for recapitalization remains a responsibility of national authorities.
CEBS published its statement on the stress testing exercise the supervisory authorities in the EU are carrying out on the aggregate banking system.
CEBS states that it is not a stress test to identify individual banks that may need recapitalization, as the assessment of specific institutions' needs for recapitalization remains a responsibility of national authorities.
The objective is an EU-wide exercise with common guidelines and scenarios, so as to increase the level of aggregate information among policy makers in assessing the European financial system's potential resilience to shocks and to contribute to the convergence of best practices in the EU.
Full statement
© CEBS - Committee of European Banking Supervisors
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