EU-wide banking stress test 2014
On the 26th october 2014 the results of a stress test of the 123 largest european banks were released. All banks belonging to the group of the german Landesbanken passed the stress test.
My task during the stress testing exercise was to model the credit risk arising from the portfolio of shipping loans of the NORD⁄LB group. Due to the severe economic crisis of the shipping industry and the large involvement of german banks in this business, shipping loans were a major concern for supervisors during the stress test. The stress test itself was a large project for every bank under scrutinity which required many months of work and involved several consulting and auditing firms.
In the following you can find the official results of the stress test as released by the european banking authority (EBA). In addition you can find the guidelines for performing the asset quality review (AQR), the stress test itself and a join-up of results from both phases as released by the european banking authority (EBA) and european central bank (ecb):
- EBA main page on the eu-wide stress test 2014
- Stress test results
- Guidelines on join-up of AQR and stress test
- Guidelines on stress testing methodology
- Guidelines for asset quality review (AQR)
- 26.10.2014, Tagesschau: 25 Banken fallen durch den Stresstest
- 23.10.2014, Tagesschau: Einmal prüfen - nie mehr retten?
- 16.09.2014, Handelsblatt: Landesbanken stehen besonders unter Druck
- 03.09.2014, Handelsblatt: Keine Gleichmacherei bei EZB-Bankenaufsicht
- 15.08.2014, Handelsblatt: Banken sollen Schiffskredite strenger bewerten
- 22.07.2014, Handelsblatt: IWF warnt vor Schiffskrediten
- 03.07.2014, Handelsblatt: Ratingagentur sieht Landesbanken bedroht
- 21.05.2014, Handelsblatt: Landesbanken sind für den Stresstest gerüstet
- 19.04.2014, Handelsblatt: VÖB sieht keine Gefahr für Landesbanken bei EZB-Tests