Skip to content
Subscriber Only

The EU’s Bank Stress Test Was Too Easy on Lenders, Auditors Say

The European Court of Auditors joined regulators in questioning the value of the EU’s bank stress test, saying last year’s exercise should have been tougher and more consistently applied across the bloc.

The scenario simulated by the European Banking Authority, the EU’s top banking regulator, was milder than the 2008 financial crisis, according to an ECA report published on Wednesday. The intensity also varied significantly from country to country, the ECA said.