Brussels, 01/10/2010 (Agence Europe) - Belgium's Finance Minister Didier Reynders set out on Thursday 30 September the lessons to be learnt from the most recent bank stress test in the European Union (published in July 2010), saying that the tests were a necessity and it had proved extremely useful to publish the results. He added that stress tests would be carried on regularly. EU Economic and Monetary Affairs Commissioner Olli Rehn said that the stress tests flagged up “pockets of vulnerability” in banking, but improvements were needed in the methodology. He said the EU's draft financial supervision legislation would provide additional “tools” for improving the coordination of people carrying out the stress tests. Speaking on behalf of the European Central Bank, Jean-Claude Trichet said that member states' national authorities are responsible for incorporating stress tests in their daily supervision of the banking world. He said the fact that everybody had the same concepts, the same formulas, the same macroeconomic data and coordinated publication dates was “a very important outcome”. (M.B./transl.fl)