EFDI STRESS TEST WORKING GROUP 14 FEBRUARY 2025, BRUSSELS
On 14 February 2025, the Stress Test Working Group (STWG) convened at the EFDI office in Brussels for a crucial meeting that focused on strengthening the resilience of Deposit Guarantee Schemes (DGSs) across Europe.
With an agenda addressing key crisis management strategies and resilience assessments, the meeting brought together expert leaders and professionals from across Europe to share insights, discuss ongoing efforts, and review evolving testing methodologies.
The meeting, led by José María Fernández (STWG Leader, FGD, Spain), was kicked off with a warm welcome and introduction. Among the key presentations and discussions, notable highlights included:
- Ø Nordic Baltic Crisis Simulation Exercise 2024: Björn van der Veer (SNDO, Sweden) presented an overview of the Nordic Baltic Crisis Simulation Exercise, offering valuable perspectives on crisis management in the region.
- Ø Repayment Test - Using FFSA Crisis Management Process in Planning and Execution: Niilo Laiho (FFSA, Finland) shared insights on the critical role of the FFSA’s Crisis Management Process in managing repayment tests, contributing to a more structured and efficient approach in times of crisis.
- Ø Evolving Testing – an Integrated Approach Oliver Gordon (FSCS, UK) discussed the evolution of testing strategies, emphasizing an integrated approach for future resilience planning.
- Ø Peer Review on the Resilience of DGSs – Process and Current StatusJosé María Fernández (STWG Leader, FGD, Spain) presented the ongoing peer review process led by the European Banking Authority (EBA) concerning the resilience of DGSs. The presentation highlighted both the current status and future steps in assessing and ensuring DGSs' effectiveness in safeguarding deposits during times of financial instability.
Ø Tour de Table: Peer Review on the Resilience of DGSs: the meeting closed with a roundtable discussion moderated by José María Fernández, where selected findings from the EBA’s peer review were discussed. The discussion featured contributions from the following experts:
· Giuseppe Arpone (FITD, Italy)
· Stefan Tacke / Thomas Skotnik (ESA, Austria)
· Pénélope Trumble (Minfin, Belgium)
· Svetlana Lubimova (Latvijas Banka, Latvia)
· Niilo Laiho (FFSA, Finland)
· Borja Peletero (FGD, Spain)
EFDI and the leader of the STWG, José María Fernández, would like to extend their gratitude to all the speakers who contributed to the success of our recent meeting. Ther expertise and insights were invaluable, and we truly appreciate the time and effort you invested in sharing your knowledge with the group.
We were also thrilled to experience the excellent facilities at EFDI's new premises in Brussels that provided an ideal environment for our discussions and made the event even more enjoyable and productive.
Finally, we were pleased to see such a high level of engagement, with a combined attendance of 50 participants, both in-person and virtually. This strong turnout is a testament to the importance and relevance of our work, and we look forward to continuing our collaboration.
Thank you again for your participation and support, and we look forward to our next meeting!
For any additional information, please contact [email protected]
About STWG: The Stress Test Working Group (STWG) is an initiative of the European Forum of Deposit Insurers (EFDI) aimed at improving the understanding and application of stress testing methodologies for deposit guarantee schemes across Europe. By facilitating collaboration, information sharing, and the development of best practices, the STWG plays a crucial role in strengthening the resilience of European financial systems.