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ECB reaction

Last Thursday, a day of panic across markets with plummeting stock markets and investors seeking refuge in low-risk assets, and after the World Health Organization had declared COVID-19 a global pandemic, the ECB strengthened its efforts in terms of monetary stimulus in two ways.

New Stress Tests For European Banks

The European Banking Authority (EBA) launched its stress tests for European banks on January 31. This two-year exercise will involve 51 European Union (EU) banks, including United Kingdom-based banks, with 2020 being a transition year following Brexit.