News
EBA LAUNCHES 2020 EU-WIDE STRESS TEST EXERCISE
The European Banking Authority (EBA) launched today (31/01/2020) the 2020 EU-wide stress test, the fifth exercise since its establishment, and released the macroeconomic scenarios. The adverse scenario follows for the first time a ‘lower for longer’ narrative, a recession coupled with low or negative interest rates for a prolonged period. The EU real GDP would decline by 4.3% cumulatively by 2022, resulting in the most severe scenario to date. The EBA expects to publish the results of the exercise by 31 July 2020.
EBA PUBLISHES 2020 EU-WIDE STRESS TEST METHODOLOGY AND DRAFT TEMPLATES
The European Banking Authority (EBA) published today (07/11/2019) the final methodology and draft templates for the 2020 EU-wide stress test along with the key milestones of the exercise. The methodology and templates cover all relevant risk areas and incorporate the feedback received during the discussion with the industry in the summer of 2019. The stress test exercise will be formally launched in January 2020 and the results published by 31 July 2020.
THE PACKAGE OF BANKING REFORMS 2019
On 16 April 2019 the European Parliament adopted the new package of banking reforms. This package is a milestone in the completion of the Banking Union, in the finalization of the post-crisis regulatory agenda, and in the implementation of international standards.
CREDITAS BANK LAUNCHES THE FIRST CZECH MULTI-BANK APPLICATION
Creditas Bank launches Richee, the first Czech multi-bank application which combines the accounts of all banks.