I wish you all fruitful deliberations over these two days. BIS central bankers’ speeches  3
Since stress testing is just one of many factors considered by supervisors, the results for the banks tested must be analysed and interpreted in detail. 4  BIS central bankers’ speeches  Stress tests are hypothetical exercises that are based on highly adverse macroeconomic scenarios and generally have the greatest impact when the economy is emerging from a protracted, severe recession, as in Italy.