The EBA had been due to publish the results in July. The results of the exercise will be incorporated in the Supervisory Review and Evaluation Process (SREP), periodically conducted by the European Central Bank (ECB) for the institutions, which determines the capital requirements for each bank. The stress test exercise will be formally launched in January 2020 and the results of the exercise will be published by July 31, 2020. The bank would also have the second least negative impact among its peers between the initial ratio in 2017 and the final ratio in 2020 (1.93 percentage points). The EU real GDP would decline by 4.3% cumulatively by 2022, resulting in the most severe scenario to date. The new accounting regulation IFRS 9 aims to buttress financial stability against future crises. It obliges financial institutions to more faithfully reflect credit risk and calculate provisions for insolvencies following an expected loss model (versus the previous âincurred lossâ model). Among big European banks  assessed, BBVA is one of the few banks with the ability to generate an accumulated profit in the three-year period under analysis (2018, 2019, and 2020), under the adverse scenario. The stress testing exercise will be based on a common methodology, internally consistent and relevant scenarios, and a set of templates that capture starting point data and stress test results to allow a rigorous assessment of the banks in the ⦠The stress test is designed to provide supervisors, banks and other market participants with a common analytical framework to consistently compare and assess the resilience of EU banks to economic shocks. 2020, compared to $410 billion for the same 18 firms in DFAST 2019.â On p. 19, under âSupervisory Stress Test Results under the Severely Adverse Scenario,â the sentence âIn this scenario, losses are projected to be $552 billion39 for the 33 firms in the aggregate over the nine quarters of the iii According to the exercise results, published today, BBVA would reach a fully loaded CET1 capital ratio of 8.80 percent in 2020 ⦠According to the exercise results, published today, BBVA would reach a fully loaded CET1 capital ratio of 8.80 percent in 2020 under the adverse scenario. In the hypothetical âadverseâ scenario, the CET1 ratio would be 8.1%, up from 7.8%. As a result, the largest impact in the stress test is reflected in the first year (2018). The 2018 EU-wide stress test exercise is the sixth carried out by the European Banking Authority (EBA) since 2009. The EBA and the ECB are taking steps to address these concerns. (2) For non EU-countries, the projections are mainly based on the projections from the October 2019 IMF World Economic Outlook and on the November 2019 OECD Economic Outlook. Recent speeches by ECB Supervisory Chair Andrea Enria 1 and ECB Vice-President Luis de Guindos 2 show that the supervisor is well aware of the current approachâs ⦠A total of 48 banks with assets worth more than â¬30 billion each participated in the exercise. of average for its peers, not including BBVA). The European Banking Authority (EBA), launched the EU-wide stress test, the sixth exercise since its establishment, on 29 January 2021. Similar to the 2014 and 2016 stress tests, this test does not include a pass/fail threshold. In the adverse scenario, BBVA would reach a fully loaded CET1 capital ratio of 8.80 percent in 2020. Key features of the exercise The stress test is designed to provide supervisors, banks and other market participants with a common analytical framework to consistently compare and assess the resilience of EU banks to economic shocks. In the 2018 stress test, Deutsche Bankâs Common Equity Tier 1 (CET 1) ratio was 13.5% under the EBAâs âbaselineâ scenario at the end of the stress horizon in 2020, up from 12.1% in the 2016 stress test. The adverse macroeconomic scenario has been developed by the ESRB and the ECB in close cooperation with the EBA, competent authorities and national central banks. The narrative depicts an adverse scenario related to a prolonged period of historically low interest rates coupled with a strong drop in confidence leading to a significant weakening of economic growth in EU countries. The possible prolongation of negative growth and the low interest rate environment could further exacerbate the search for yield behaviour by investors, leading to under-pricing of risks and asset price misalignments, which could reverse as market sentiment changes and/or risks materialise. The initial fully loaded CET ratio as of December 31, 2017 has been restated to factor in a 31-basis-point impact coming out of the new IFRS9 accounting rule. In January 2020, the EBA launched a consultation on the long-term strategy for the EU-wide stress test and on possible changes to the framework [REF1]. In the adverse scenario, the bank would attain a fully-loaded CET1 ratio of 8.2% in 2018. Qualitative recommendations were addressed to all SREP SIs in 2020 as a result of the Joint Supervisory Teamsâ (JST) findings (by comparison, qualitative measures were applied to 83% of SIs in 2019). The European Central Bank (ECB) will conduct its own stress test in parallel for those significant banks not covered by the EBA stress test, examining the data from the 35 significant euro area banks, which, while consistent with the EBA methodology, will also consider the smaller size and lower complexity of these institutions. © Banco Bilbao Vizcaya Argentaria, S.A. 2019, Sustainability and responsible banking model, Photos Directors / Executive Leadership Team, Shareholders and Investors Communication and Contact Policy, Corporate Governance and Remuneration Policy, Information Circular 2/2016 of Bank of Spain, Internal Standards of Conduct in the Securities Markets, Information related to integration transactions. The stress test will be carried out on a sample of banks covering broadly 70% of the banking sector in the euro area, each non-euro area EU member state and Norway. The test uses a static balance sheet and looks at how capital ratios, earnings, and other relevant metrics would perform over a three-year period (2018, 2019, and 2020). European banks may currently be focused on 2020âs round of tests, but the ECB and EBA are already turning their thoughts to the future. The exercise will be run at the highest level of consolidation. In this discussion paper, the EBA proposes various changes to the framework which also aim to address some of the suggestions of the European Court of Auditors [REF4] which audited the 2018 EU-wide stress test. The narrative depicts an adverse scenario related to a prolonged period of historica⦠BBVA has once again excelled in EU-wide bank stress tests thanks to its resilience in the face of potential economic shocks. 13/11/2020 EBA updates on 2021 EU-wide stress test timeline, sample and potential future changes to its framework âThe results published by the EBA today once again show BBVAâs solid capital position, which is reflected in its capital resilience in the most adverse scenarios, thanks to its ability to generate recurring revenues,â BBVA Head of Global Supervisory Relations Eduardo Ãvila said. The results are expected to be published by 31 July 2020. Analysis and synthesis (Analyses et synthèses) no. The EBA’s 2020 stress test methodology was published in November 2019 [1] and is to be applied to the scenarios released today. Europe eases rules for banks, stress tests cancelled Updated / Friday, 13 Mar 2020 07:33 The European Banking Authority has postponed its stress test this year for big banks Stress Test Impacts Status CET1 PH 2017 14.4% 13.2% Ï CET1 FL 2017 14.0% 12.6% Ï CET1 PH 2020 Adv 10.3% 9.4% Ï CET1 FL 2020 Adv 10.1% 9.2% Ï CET1 PH 2020 Adv (410) (383) Ï CET1 FL 2020 Adv (394) (335) Ï 17 June 2020. It is not a forecast of ING Groupâs profits. (1) In the package that was published today, the sample has been revised. In the baseline scenario, the fully loaded CET1 ratio for BBVA increases 1.99 percentage points to 12.72 percent, as of December 31, 2020. if("undefined"==typeof window.datawrapper)window.datawrapper={};window.datawrapper["gYK6P"]={},window.datawrapper["gYK6P"].embedDeltas={"100":793,"200":585,"300":540,"400":526,"500":512,"700":481,"800":481,"900":481,"1000":481},window.datawrapper["gYK6P"].iframe=document.getElementById("datawrapper-chart-gYK6P"),window.datawrapper["gYK6P"].iframe.style.height=window.datawrapper["gYK6P"].embedDeltas[Math.min(1e3,Math.max(100*Math.floor(window.datawrapper["gYK6P"].iframe.offsetWidth/100),100))]+"px",window.addEventListener("message",function(a){if("undefined"!=typeof a.data["datawrapper-height"])for(var b in a.data["datawrapper-height"])if("gYK6P"==b)window.datawrapper["gYK6P"].iframe.style.height=a.data["datawrapper-height"][b]+"px"}); In the adverse scenario, BBVA would also be one of two of its European peer group banks to post an accumulated profit between 2018 and 2020: It would earn â¬344 million. Using a common methodology, the results of the stress test enable supervisory authorities to assess each bankâs capacity to reach minimum capital requirements during an economic crisis. The EBA, who is responsible for coordinating the whole exercise, developed a common methodology and will act as a data hub for the final dissemination of the results, in line with its commitment to enhancing the transparency of the EU banking sector. The adverse scenario also reflects recent risk assessments by the EBA. BBVA has demonstrated its solid resilience in the European Banking Authorityâs (EBA) stress tests of European banks, published today. The EBA report on the stress test result is a very neutral summary of the results and aims at being informative but impartial. This yearâs test results will be published in July, having been run on the existing methodology. The results of the December 2020 stress test show that firms maintain strong capital levels under two hypothetical severe scenarios. The EU-wide stress test will be launched in January 2020 while results of the test will be published by the end of July. The best performing bank was NRW.BANK with 33.96 percent. After banks provide several submissions of stress test results and after these submissions are Slowing growth momentum and/or rising risk premia could further challenge debt sustainability in the public and private sectors across the EU. The 2020 stress test methodology was adapted to comply with the new EU Securitization Framework, hence adding extra complexity and data intensity. The stress test exercise will be launched in January 2021 with the publication of the macroeconomic scenarios and the results published by 31 July 2021. In December 2018, the EBA announced that it would carry out the next European banking stress test in 2020. The EBA notes that UK banks will be included in the sample as the UK will be subject to EU law when the stress test commences. ECB consults on guides to calculate counterparty credit risk (CCR) The analysis covers 70 percent of the banking sectorâs assets in the EU. 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