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CEBS' s statement on stress testing exercise
12 May 2009
The Committee of European Banking Supervisors (CEBS) today publishes its statement on stress testing exercise.
- This is not a stress test to identify individual banks that may need recapitalization, as the assessment of specific institutions' needs for recapitalization remains a responsibility of national authorities.
- The objective is an EU-wide exercise with common guidelines and scenarios, so as to increase the level of aggregate information among policy makers in assessing the European financial system's potential resilience to shocks and to contribute to the convergence of best practices in the EU.
- CEBS' next regular risk assessment will be ready by September 2009. The outcomes are confidential.
Ms. Franca Rosa Congiu
Mr. Ian Edward Palombi
E-mail: email@example.com - Tel: +44 (0) 207 382 1772