L’Autorité bancaire européenne (ABE) a lancé le 31 janvier 2023 un test de résistance qui a porté sur les 70 groupes bancaires européens les plus importants, dont 57 groupes sous la supervision directe de la Banque centrale européenne (BCE), et couvrant environ 75% des actifs du système bancaire européen. En parallèle, la BCE a lancé le même jour un test de résistance complémentaire pour 41 autres banques qu’elle supervise directement.
Brief
Summary:
On January 31, 2023, the European Banking Authority (ABE) launched a resilience test targeting the 70 largest European banking groups, including 57 groups under the direct supervision of the European Central Bank (ECB), covering approximately 75% of the European banking system's assets. In parallel, the ECB also conducted a complementarity resilience test for 41 other banks it directly supervises.
Highlights content goes here...
Summary:
On January 31, 2023, the European Banking Authority (ABE) initiated a resilience test aimed at 70 European banking groups, including 57 groups directly supervised by the European Central Bank (ECB), which collectively account for approximately 75% of the European banking system’s assets. In parallel, the ECB also conducted a complementary resilience test for 41 additional banks under its direct supervision.
The test sought to assess the preparedness of these major European banking groups to withstand potential economic stress and/or cyber-attacks, scrutinizing their ability to maintain financial stability, meet customer demands, and comply with regulatory requirements. The exercise encompassed a comprehensive evaluation of each group’s risk management, capital adequacy, liquidity, and ability to absorb losses while continuing to provide essential financial services.
The resilience test was designed to gauge the banks’ capacity to respond to harsh economic scenarios, such as a sudden stock market downturn, increased default rates, and heightened market volatility. The test also tested the banks’ ability to withstand potential cyber-attacks, examining their incident response plans, data backup procedures, and communication protocols in the event of a breach.
The results of the test will likely influence policy decisions, with regulators scrutinizing the banks’ findings and using the data to refine their supervision and oversight strategies. The exercise reflects the European financial authorities’ ongoing efforts to maintain financial stability, uphold investor confidence, and ensure the robustness of the European banking system.
The ABE’s resilience test aims to:
Strengthen banks’ ability to withstand potential economic shocks
Enhance regulatory oversight and supervision
Encourage responsible risk management practices
Mitigate systemic risks and maintain financial stability
* Foster a culture of resilience within the European banking sector
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