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EBA publishes its Peer Review on the performance of stress tests by Deposit Guarantee Schemes
The European Banking Authority (EBA) today released the findings of its latest Peer Review on the performance of stress tests by deposit guarantee schemes (DGSs) across the European Union. This comprehensive review assessed how seven national DGSs performed stress tests against benchmarks developed for the purposes of this Peer Review. The benchmarks derive from the Deposit Guarantee Schemes Directive (DGSD) and the Revised EBA Guidelines on stress tests of deposit guarantee schemes. Stress tests of DGSs are essential for maintaining financial stability and protecting EU citizens. By rigorously assessing the performance of DGS stress tests, the EBA aims to continuously enhance the preparedness of DGS to handle bank failures and safeguard depositors' funds.