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Taking note of the announcement on the launch of the 2018 EU-wide bank sector stress tests by the European Banking Authority, the European Banking Federation, as voice of the banking sector, wishes to underline its full commitment to this process, designed to maintain and reinforce the resilience of the banking sector.
The previous tests and the asset quality review undertaken in 2014 clearly demonstrated the resilience of the European banking sector and showed that the post-crisis recapitalisation efforts by European banks have paid off. Banks have continued to strengthen their balance sheet in recent years, making it possible for the sector to withstand a severe economic downturn such as the one being simulated in the tests.
Says Wim Mijs, Chief...
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