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CEBS issued a consultation on additional technical guidance on the application of the supervisory review process under the Capital Requirements Directive. The paper emphasizes that there is no single ‘correct’ stress testing methodology or procedure. What is adequate for an individual institution depends very much on proportionality and the development of its practices over time. Thus, an important part of the supervisors’ assessment of stress testing will be based on a continuing dialogue with institutions.
Deadline for consultation is 30 September 2006.
Press release
Consultation paper