Bankers bristle over impending Cebs stress-testing guidelines

Firm-wide stress testing can take up to seven months, said Piers Haben, chairman of the Committee of European Banking Supervisors' (Cebs) workstream on stress testing, speaking at a public hearing held on March 10 by the committee.

Banks continue to grapple with the evolving regulatory requirements on stress tests in the wake of the crisis. Industry representatives voiced concerns that the guidance, to be used under Pillar II of the Capital Requirements Directive within the Internal Capital