Lenders across the European Union are struggling with this year’s region-wide stress test as they adjust to new global accounting standards and regulators’ demands for clean and comprehensive data.
“We are just a few people: the credit risk part in the stress test is run by four internal staff and two consultants,” says a senior stress-testing specialist at a mid-sized European bank. “We are not usually staffed for such big changes so it is quite a bottleneck.”
On January 31, the European
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