On Wednesday 31 January, the European Banking Authority (EBA) kicked off its banking stress tests to be applied in 2018 to 48 European banks, or 70% of the EU banking sector. The results are expected by 2 November 2018 (see EUROPE 11895).
The EBA unveiled its final methodology at the end of November (see EUROPE 11804). The main change from the previous exercise is that it now includes the impact of the implementation of the international financial reporting standard IFRS 9.
Compared to the...