EU’s 2021 stress test includes ‘very severe’ adverse scenario

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European Union regulators released their plans to stress test the bloc’s largest banks, including a “very severe” adverse scenario based upon a prolonged Covid-19 pandemic.

The European Banking Authority will be co-ordinating the stress tests, as it has in previous years, it announced on January 29. Its announcement came after the 2020 exercise was postponed due to the Covid-19 pandemic.

The EBA said the stress tests will be conducted on 50 banks, representing a total of 70% of the EU banking

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