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The European Banking Authority (EBA) published today its first Report on the monitoring of liquidity coverage ratio (LCR) implementation in the EU. The EBA’s monitoring of the LCR contributes to a consistent application of EU law and promotes common supervisory approaches and practices in this area. The EBA intends to regularly monitor the implementation of the LCR for EU banks and update this Report on an ongoing basis to set out its observations and provide further guidance, where necessary.

The European Banking Authority welcomed today’s publication by the European Court of Auditors (ECA) of a special Report on the EU-wide stress test titled “EU-wide stress tests for banks: unparalleled amount of information on banks provided but greater coordination and focus on risks needed”. The EBA acknowledged the efforts made by the ECA in providing valuable insights to improve the efficiency of the EU-wide stress test in the future.