Law360, London (January 22, 2020, 1:21 PM GMT) -- Europe's banking watchdog said Wednesday that it plans to give banks more flexibility when they explain the results they submit to national regulators as part of the blocwide stress tests they undergo every two years.
The European Banking Authority proposed allowing the bloc's banking groups to hand over a second submission to their national regulators, which collect data and pass it on to the European Union so it can assess the stability of the market.
The second submission will allow banks to assess how they would cope in a challenging environment and give them discretion to deviate from the standard formulas...
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