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- Liva & Laia : 15th November
The New European Banking Authority (EBA) Board of Supervisors, which has assumed the tasks and responsibilities from their predecesssor - The Committee of European Banking Supervisors (CEBS), has agreed on a strategic work plan for an EU-wide stress test of Banks, which will take place in the first half of 2011 with the results being published in mid-2011.
The test are expected to be performed jointly between the European Systemic Risk Board (ESRB) the European Central Bank (ECB) and the European Commission. The objective of this stress test is to assess the resilience of the EU banking system to hypothetical stress events under certain restrictive conditions and is one of a range of supervisory tools to assess the strength of individual institutions, as well as the overall resilience of the system.
