in force 2020-01-01 MODIFIED+74 −9§
Amended by Regulation (EU) 2019/2175 32019R2175
applies from: unchanged
The stress-testing evaluation now covers systemic risk posed by, or to, financial institutions, whereas before it referred only to risk posed by financial institutions.
The evaluation also now expressly includes potential environmental-related systemic risk, a phrase absent from the earlier text.
Cited: Art. 23, v2 · Art. 23, v1
text before / after
02010R1093-20190330 → 02010R1093-20200101
Article 23
Identification and measurement of systemic risk
1. The Authority shall, in consultation with the ESRB, develop criteria for the identification and measurement of systemic risk and an adequate stress-testing regime which includes an evaluation of the potential for systemic risk posed by by, or to, financial institutions to increase in situations of stress. stress, including potential environmental-related systemic risk. The financial institutions that may pose a systemic risk shall be subject to strengthened supervision, and where necessary, the recovery and resolution procedures referred to in Article 25.
2. The Authority shall take fully into account the relevant international approaches when developing the criteria for the identification and measurement of systemic risk posed by financial institutions, including those established by the Financial Stability Board, the International Monetary Fund and the Bank for International Settlements.