The European Banking Authority (EBA) announced the postponement of the EU-wide stress test exercise from 2020 to 2021 to allow banks to ensure continuity of their core operations in the face of the COVID-19 pandemic. The EBA will instead carry out an additional EU-wide transparency exercise in 2020. It recommends that competent authorities plan supervisory activities, including on-site inspections, in a pragmatic and flexible way, consider postponing non-essential supervisory activities, and give banks some leeway in the remittance dates for some areas of supervisory reporting.

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