The European Commission has pledged to oversee the banks test the durability of more stringent than the test conducted last year to measure the carrying capacity of European banks in the event of an economic crisis. And is expected to be subjected to the 90 European banks for the test, these banks represent more than 65% of banking assets in the European Union. The aim of this test before anything to reassure the markets while going through the financial system in the euro area a new phase of turmoil. And was 91 banks have been subject to tests last year, as banks have succeeded in the test, only seven of them, is that the test was subjected to severe criticism of the absence of action to militancy.
Since that time, disappeared a number of these banks due to merger or acquisition. And will be those banks that are still active for the test again. The goal also said the European Commission to oversee the banks is to test the “more than 65% of the European banking assets” and at least 50% of assets in each country of the European Union. The results of new tests before the end of June next.
The tests that illustrate the magnitude of losses that may have exposed European banks in case of relapse and return the economy to recession. The tests aim to measure the flexibility of the banking sector and the ability of banks to absorb shocks related to other sectors of insurance and market risks, including the risks on government bonds, the study of dependence on government actions. And the European Commission for Banking Supervision, the London-based and includes representatives of the Governments of the European Union.