EU Member States Can Toughen Bank Stress Tests

Law360, New York (January 31, 2014, 5:59 PM EST) -- The European Banking Authority on Friday released the broad outlines for its stress tests for the continent's banks, but said that national regulators would have the ability to subject banks under their jurisdiction to even tougher reviews of their ability to withstand a crisis.

This year's EBA stress tests will also be significant because the European Central Bank is set to take over supervision of Europe's largest banks as part of reforms put in place last year as a sovereign debt crisis roiled the continent. The...
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