The financial industry was waiting nervously for the publication of the EU-wide bank stress test. As the Brexit vote sparked uncertainties around the sector the stress test was stylized to a moment of truth for the health of European banks. Philipp Ständer answers the most important questions related to the test and evaluates its significance.
Philipp Ständer is Advisor at the Federals Ministry of Labour and Social Affairs, he formally worked for the Jacques Delors Centre.