Stress-testing the banking system: what lies ahead?
Pedro Duarte Neves says stress tests must evolve to capture systemic, liquidity and cyber risks
A new round of stress tests was completed just before the summer break: the Federal Reserve’s in June, and the EU-wide and the Bank of England ones in July. The three exercises concluded, unambiguously, that banking sectors in these economies have the capacity to support lending to households and businesses in times of severe stress. In addition, banks demonstrated strong resilience to weather very adverse conditions, mainly reflecting the solid solvency position at the start of the exercise.
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