Biggest banks pass stress test

In May 2009, the ECOFIN mandated CEBS to coordinate, in cooperation with the European Commission and the ECB, an EU-wide forward-looking stress test of the banking system, building on common guidelines and scenarios, for a sample
of 22 major European cross-border banking groups. The objective of the exercise was to increase the level of aggregate information among policy makers in assessing the resilience of the European financial system.

The Committee of European Banking Supervisors (CEBS) published on the 1 October 2009 the results of the EU-wide stress testing exercise.

Committee of European Banking Supervisors: Homepage http://www.c-ebs.org/

CEBS: Press Release, 1.10.09: CEBS press release on the results of the EU-wide stress testing exercise http://www.c-ebs.org/getdoc/629d8941-3f2a-4a7c-a180-c68208f8b005/CEBS-2009-180-Annex-2-(Press-release-from-CEBS).aspx

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