European banking supervisors welcomed the increased strength of the European banking sector and its ability to better withstand a sharp downturn in the economy, following the publication, on Friday 2 November, of the results of the 2018 edition of the banking stress tests coordinated by the European Banking Authority (EBA).
"The outcome confirms that participating banks are more resilient to macroeconomic shocks than two years ago. Thanks also to our supervision, banks have built up...