Court of Auditors Special report no 10/2019: EU-wide stress tests for banks: unparalleled amount of information on banks provided but greater coordination and focus on risks needed

1. The report looks into the European Banking Authority’s (EBA) governance and implementation of its biennial EU-wide stress tests for EU banks. In particular the European Court of Auditors (ECA) assessed whether the 2018 stress test was fit for purpose, whether the EBA had sufficient assurance about the robustness of the figures calculated by the individual banks partaking in the stress test, and whether the publication of the results allowed stakeholders to conclude whether the banking system was resilient. The report is appreciative of the unparalleled amount of information on banks reported in the results of the stress test, but is critical of the EBA’s governance of the process, highlighting the governance structures which potentially lead to decisions being made in national, rather than EU-wide, interests.

Topic  EU Audits 
Department  HMT 
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Associated file(s)


  1. ECA Special Report 10/2019 - 2 MB - pdf
  2. EM on ECA Special Report 10/2019 - 152 KB - pdf

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