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