In November 2018 the European Banking Authority (EBA) completed the EU-wide stress tests, aimed at evaluating the resilience of banks to adverse market developments.
The exercise requested banks to estimate the impacts of multiple macro-financial scenarios, covering all relevant risk areas under new IFRS 9 principles. Banks faced major challenges posed by advanced data collection, integrated balance sheet projections and quality assurance.
The webinar discussed lessons learnt from the 2018 stress test edition and how European banks should address the challenges of the 2020 exercise by:
In 2018 Risk, the prestigious Risk Management magazine, recognized Prometeia as the best tech vendor in the Enterprise-wide Stress Testing field.