The Committee of European Banking Supervisors (CEBS) has published the draft of its revised Guidelines on stress testing for consultation. The consultation is open to all interested parties, including supervised institutions and other market participants.
The revised guidelines update the Guidelines on Technical Aspects of Stress Testing under the Supervisory Review Process that were published on 14 December 2006 and complement the principles set out in the CEBS's Guidelines on the Application of the Supervisory Review Process under Pillar 2
The revised guidelines draw on the experience that supervisors have obtained by reviewing institutions' stress tests in recent years, and take account of the revised principles for sound stress testing practices and supervision
published by the Basel Committee of Banking Supervision (BCBS).CEBS submitted its draft revised guidelines for a public consultation which closes on 31 March 2010
. Comments received will be published on CEBS's website unless respondents request otherwise. Please send your comments to the following email address: firstname.lastname@example.org
.A public hearing will be held on 10 March 2010 at CEBS's premises in London, from 10:00 to 13:00
to allow interested parties to share their views with CEBS.
Registrations should be received by Wednesday, 3 March 2010.