June 30 2020
Comments on EBA’s Discussion Paper on the future changes to the EU-wide stress test (EBA/DP/2020/01)
The German Banking Industry Committee (GBIC) has issued its comments to the public consultation of the European Banking Authority (EBA) on the discussion paper on the future changes to the EU-wide stress test. In general, GBIC welcome EBA’s overall initiative to make future stress tests more informative, flexible and cost-efficient. However, GBIC rejects the introduction of the proposed 2-legged approach and regards the status quo as significantly better.