In particular, the high level of joblessness has been especially severe for lower-wage workers in the services sector, for women, and for African Americans and Hispanics. The economic dislocation has upended many lives and created great uncertainty about the future.
The stress test has shown that German banks are sufficiently capitalised even in a very adverse scenario – after all, the German banks that were examined were found to have a common equity tier 1 (CET1) capital ratio of 9.1% at the end of 2016 even in the adverse stress scenario.