This assessment will include a balance sheet review and an individual stress test. It constitutes a major step for strengthening the viability of and confidence in this sector.
The key elements for the assessment were agreed between European Commission, the European Insurance and Occupational Pensions Authority and the Romanian Financial Supervision Authority.
The Commission adopted today a report on the mission and organisation of the European Systemic Risk Board (ESBR).
The ESRB was created in response to the financial crisis and is a component of the new European System of Financial Supervision.