What’s happening?
The European Banking Authority and Central Bank (ECB) are currently carrying out a stress test of all major EU banks, with scenarios devised by the European Systemic Risk Board (ESRB). The test includes explicit adverse economic growth scenarios for central and eastern Europe (CEE), together with currency devaluations of 15% for the Czech Republic, Croatia and Romania, and 25% for Poland and Hungary. The results will be disclosed in October 2014.
