Postponed EU stress test of banks rescheduled for January 2021

© Reuters. EU leaders summit in Brussels

LONDON (Reuters) – The European Union’s next stress test of leading banks will take place in January next year, with the results published at the end of July 2021, the bloc’s banking watchdog said on Thursday.

The European Banking Authority said 51 banks will take part, 39 from the euro zone. The bi-annual test had been due this year but was postponed to allow banks to focus on dealing with the coronavirus pandemic.

“UK banks are excluded from the sample, while their EU27 subsidiaries are included when necessary,” the EBA said in a statement.

The watchdog consulted in January on possible changes to how the stress test is conducted, proposing to ease the exercise to cut compliance costs.

The EBA said on Thursday it would make a final decision next year on any changes that would be introduced in the 2023 test.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

See also  Ursula Burns on the fight for racial justice in corporate America: 'We have to fundamentally change institutions'



Please enter your comment!
Please enter your name here