EBA to Cut Bank Data Demands by 50% With Streamlined Stress Test

The European Banking Authority proposed cutting in half the amount of data that lenders need to report under a bloc-wide framework, largely by streamlining its biennial stress tests.

The net reduction from the measures taking effect in September 2027 would come despite new requirements related to updated accounting standards, ESG and rules on banks’ trading businesses, the EBA said in a consultation document on Friday.