BNP Paribas : Publication of the EU-wide stress test results by the European Banking Authority
07/30/2021 | 03:19pm EDT
On 30 July 2021, the European Banking Authority (EBA) published the results of the EU-wide stress test carried out jointly with the European Central Bank (ECB). This exercise covered the 50 most important banks of the European Union and was conducted this year following the postponement of the 2020 exercise due to the health crisis.
The stress test results demonstrate BNP Paribas' capacity to withstand a scenario of major stress based on extremely severe assumptions of economic and market evolutions. These assumptions are applied to an already exceptional context, deeply impacted by the health crisis and the persisting low rates environment and extend it.
The results of this thorough exercise conducted by EBA and ECB confirm the Group's balance sheet strength and the quality of its risk policy.