Stress Test : Rapport

RESULTS OF 2014 EU‐WIDE STRESS TEST 26 October 2014 Report Results of 2014 EU‐wide stress test Aggregate results 1 RESULTS OF 2014 EU‐WIDE STRESS TEST Contents List of figures List of boxes List of tables Executive Summary 1. Objectives of this document 2. Rationale, purpose and governance of the EU‐wide stress test 2.1 Purpose of the exercise 2.2 Summary of the main methodological aspects 2.2.1 Sample of banks 2.2.2 The static balance sheet assumption 2.2.3 Definition of capital 2.2.4 Risk coverage 2.3 Governance 3. Aggregate outcomes of the exercise 3.1 Summary 3.2 Banks’ capital position ahead of the stress test 3.3 Impact of the stress test on capital ratios 3.3.1 Impact on Common Equity Tier 1 ratios 3.3.2 Shortfall 3.3.3 Impact on fully loaded CRR/CRD IV Common Equity Tier 1 Capital ratios 3.3.4 Main drivers of the impact 3.3.5 Impact on capital 3.3.6 Impact on risk exposure amount 3.4 Impact by risk type 3.4.1 Credit risk 3.4.2 Cost of funding and Net Interest Income 3.4.3 Market risk 3.4.4 Sovereign risk 3.5 Supervisory reaction function 3.5.1 Process and communication 3.5.2 Capital actions 3.5.