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БАНКРАУРБСРТИВКОА
The stress test was conducted
on a sample of 51 banks, of
which 37 are from the countries
of the Eurozone under the
regulation of the ECB, while 14
banks come from the countries
of the EEA (Denmark, Norway,
Sweden, Hungary, Poland and
the United Kingdom). The banks
covered with the test cost
more than 70% of the total bank
assets which are covered in the
process. The test includes only
the banks whose balance sheets
on a consolidated basis are an
amount of more than 30 billion
Euros
(фото: euractiv.com)
The goal of this stress-test is deter- not be fully quantified within the Pillar
mination of the effects of continued 1. Although one can say that no bank
economic crisis and designed macro- has “failed” the test because there was
economic shock on the capitalization no such criterion, the results from the
and the liquidity of banks. The results analysis by banks indicate that specific
should be the basis which can be used banks are facing important problems
by the regulators and the market for which the regulators would have to
creating an understanding of the banks’ solve soon by taking over some serious
resistance in conditions of prolonged supervision measures.
macroeconomic crisis. What is particu-
larly important is that the test results The test is based on a hypothetical
are based on unified assumptions, as scenario of a global macroeconomic
well as on a methodological approach, crisis in a time horizon of 3 years. Al-
hence their results can be easily com- though the designed scenario does not
pared both in terms of an individual cover all possible consequential events,
bank, as well as in terms of their domi- still it is a combination of events which
cile jurisdictions. lead to materialization of several types
of risks as a result of the effects of the
As it was indicated above, this stress hypothetically designed macroeconom-
test, although it provides a projection ic shock. The unfavorable scenario as-
of the impact of a potential macroeco- sumes that the real growth of the GDP
nomic shock on the solvency and the in 2016 will be -1.2 %, in 2017 it will be
liquidity of banks, there is no defined -1.3 %, while in 2018 it will be 0.7 %.
minimal rate under which the regula-
tors would request recapitalization of The methodology on the basis of
banks. Instead, the ECB will use the which this test was conducted con-
results of this stress-test within the so tinues to be very restrictive and with
called Pillar 2, SREP (Supervisory Re- numerous limitations. From method-
view Process) as one of the key deter- ological point of view, the practice of
minants in the determination of the application of a static balance sheet
solvency and the liquidity of banks, continues, which implies that the as-
particularly about the risks which can- sets and the liabilities which are due
in the time horizon of the test will be
September 2016 39
