The European Central Bank (ECB) has set a date later this month to reveal the results of its stress tests on the region’s banks.
The ECB said Friday it will publish the results of its comprehensive assessment of 130 banks on October 26 at noon central European time (CET). The assessments come before the central bank takes over supervision of the banks in November.
The results for individual banks will be presented in standardized templates, and will spell out capital shortfalls under various stress scenarios, and under its asset quality review. For banks with capital shortfalls, they will then have two weeks to submit capital plans to the ECB, detailing how those shortfalls will be covered.
The ECB says that the individual assessments will also contain additional important information, such as the capital market issuance already undertaken by the banks so far this year.
Along with the bank-by-bank findings, the ECB will also publish an aggregate report on the full outcome of the stress test exercise for all banks. And, the European Banking Authority (EBA) will issue the results of its EU-wide stress test on the same day.