European supervisory authorities call for changes to stress test methods
Next European stress tests should simulate yield changes and “interconnectedness”
Future stress tests of Europe’s financial institutions should scrutinise risks stemming from possible future changes in bond yields and the growing “interconnectedness” of financial markets, according to European supervisors.
The call came in a joint report on risks and vulnerabilities in the European Union’s financial system, published by the European Banking Authority (EBA), European Securities and Markets Authority and European Insurance and Occupational Pensions Authority on April 20.
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