A European Union-wide banking stress test exercise has been conducted by the

Committee of European Banking Supervisors The Committee of European Banking Supervisors (CEBS) was an independent advisory group on banking supervision in the European Union (EU). Established by the European Commission in 2004 by Decision 2004/5/EC, and its charter revised on 23 January ...

every year since 2009. The second instance was performed in July 2010. The

Council of the European Union The Council of the European Union, often referred to in the treaties and other official documents simply as the Council, and informally known as the Council of Ministers, is the third of the seven Institutions of the European Union (EU) as ...

(in its economic and financial – ECOFIN – configuration) mandated that Committee so to do, in the aftermath of the

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which started in 2007.

Summary of 2010 results by bank

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 Central Bank (ECB) is the prime component of the monetary Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's most important centr ...

, the

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and the national supervisory authorities of the member states. The 2010 results were released on 23 July 2010. Of the 90 banks tested, 7 failed the 6% tier 1 capital ratio threshold: five in Spain (Unnim, Diada, Espiga, Banca Cívica, and Cajasur), one in Germany (Hypo Real Estate), and one in Greece (ATEBank). The BBC, in this reference, claims that 91 banks were tested, the data released contained only 90 listed bank entries. *MEUR = million euros * Assets = total risk-weighted assets *Benchmark = tier 1 ratio with benchmark scenario at 31 December 2011 *Adverse = tier 1 ratio with adverse scenario at 31 December 2011 *Shock = tier 1 ratio with additional sovereign shock on the adverse scenario at 31 December 2011 * Additional capital needed = additional capital needed to reach 6% tier 1 ratio under adverse scenario at 31 December 2011

References

External links

CEBS press release on the stress tests

Joint press release by the CEBS, the ECB, and the European Commission on the stress tests

Summary report of the stress tests

* ttp://www.oecd.org/dataoecd/17/57/45820698.pdf OECD: The EU Stress Test and Sovereign Debt Exposures {{Great Recession Economy of the European Union Great Recession in Europe Stress tests (financial) fi:Stressitesti

Summary of 2010 results by bank

See also

References

External links