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How EU Banks Show Resilience in Stress Tests
European banks are poised to handle more challenging conditions, including a global recession, persistent inflation and rising interest rates. Results of the latest stress tests conducted by the European Banking Authority (EBA) and the European Central Bank underscore the banking industry's overall resilience to a severe deterioration in asset quality and market shocks, with participants faring better under tougher assumptions than in the 2021 exercise, according to an S&P Global Ratings report. Following the same approach and using the same baseline and adverse scenarios, the EBA's stress test covered 70 banks from ... (full story)