Bloomberg News

Basel Group Says More Work Needed to Apply Stress Test Rules

April 13, 2012

The Basel Committee on Banking Supervision said that “more work remains to be done” by regulators to fully apply its rules on bank stress tests.

“Stress testing has become a key component of the supervisory assessment process as well as a tool for contingency planning and communication,” the group said in a statement on its website. “Countries are, however, at varying stages of maturity in the implementation” of guidelines the group issued in 2009.

To contact the reporter on this story: Jim Brunsden in Brussels at jbrunsden@bloomberg.net

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net


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