7  The challenges posed by regulatory developments The European Banking Authority recently published the methodology to be used for the next round of stress testing, which will begin in early 2020 and involve 50 intermediaries, of which four are Italian.
Economic Developments Abroad Before looking at Japan's economy in detail, let me first discuss developments in overseas economies. With the prolongation of the effects of the situation surrounding Ukraine, inflationary pressure has been intensifying globally against the background of elevated commodity prices and supply-side constraints.