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The 2010 test was the second of its kind, which assesses the financial strength of European banks under different adverse scenarios. This was done in co-operation with the European Central Bank, the European Commission and the national supervisory authorities of the member states. The 2010 results were released on 23 July 2010. [1]
The European Union-wide banking stress test 2016 was conducted by the European Banking Authority (EBA) in order to assess the resilience of financial institutions in the European Union to a hypothetical adverse market scenario. The stress test was formally launched on 24 February 2016 with a publication of the final methodology and templates as ...
Wim Duisenberg, first President of the ECB. The European Central Bank is the de facto successor of the European Monetary Institute (EMI). [7] The EMI was established at the start of the second stage of the EU's Economic and Monetary Union (EMU) to handle the transitional issues of states adopting the euro and prepare for the creation of the ECB and European System of Central Banks (ESCB). [7]
The ECB's first ever cyber risk stress test was launched in response to a surge in attacks, some with possible geopolitical motives, and its results came a week after a global tech outage that ...
European Banking Supervision, also known as the Single Supervisory Mechanism (SSM), is the policy framework for the prudential supervision of banks in the euro area. It is centered on the European Central Bank (ECB), whose supervisory arm is referred to as ECB Banking Supervision. EU member states outside of the euro area can also participate ...
Moreover, the ECB conducted the "Asset Quality Review" that served as a starting point of the stress test. In 2014, the ECB performed the Comprehensive Assessment in parallel before taking over its supervisory role under the new policy of European Banking Supervision on November 4, 2014. The results of the stress test were an integral part of ...
A requirement of the ECB•S certification is a type testing according to European Standards. The type test is based on an authentic and real-life simulation e.g. of a burglary or a fire. The result of the test leads to the qualification of the product (e.g. resistance grade I, II, III for a safe). Ongoing audits in the manufacturing plants are ...
The European central bank (ECB), as the monetary union's central bank, responded to the sovereign debt crisis with a series of conventional and unconventional measures, including a decrease in the key policy interest rate, and three-year long-term refinancing operation (LTRO) liquidity injections in December 2011 and February 2012, and the ...