European banks resilient to shocks, EBA says after test
Lenders’ greatest vulnerability is credit risk but they can withstand adverse scenarios, regulator says
Lenders in the European Union have sufficient capital to withstand a severe economic downturn, the European Banking Authority (EBA) has said after completing its large-scale stress test.
The EBA today (August 1) released the result of the test, which covers a sample of 64 banks in the EU and Norway, including 51 from the eurozone. These lenders represent about 75% of total banking sector assets in the sampled jurisdictions.
The test simulated a baseline and an adverse scenario. The latter assumed
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