(26)

Article 32 is amended as follows: the title is replaced by the following: ‘Assessment of market developments, including stress tests’; paragraph 1 is replaced by the following: ‘1. The Authority shall monitor and assess market developments in the area of its competence and, where necessary, inform the European Supervisory Authority (European Insurance and Occupational Pensions Authority) and the European Supervisory Authority (European Securities and Markets Authority), the ESRB, and the European Parliament, the Council and the Commission about the relevant micro-prudential trends, potential risks and vulnerabilities. The Authority shall include in its assessments an analysis of the markets in which financial institutions operate and an assessment of the impact of potential market developments on such institutions.’; paragraph 2 is amended as follows: the introductory part is replaced by the following: ‘2. The Authority shall initiate and coordinate Union-wide assessments of the resilience of financial institutions to adverse market developments. To that end, it shall develop:’; point (a) is replaced by the following: ‘(a) common methodologies for assessing the effect of economic scenarios on a financial institution’s financial position taking into account inter alia risks stemming from adverse environmental developments;’; the following point is inserted: ‘(aa) common methodologies for identifying financial institutions to be included in Union-wide assessments;’; points (c) and (d) are replaced by the following: ‘(c) common methodologies for assessing the effect of particular products or distribution processes on a financial institution; (d) common methodologies for asset evaluation, as necessary, for the purpose of the stress testing; and’; the following point is added: ‘(e) common methodologies for assessing the effect of environmental risks on the financial stability of financial institutions.’; the following subparagraph is added: ‘For the purposes of this paragraph, the Authority shall cooperate with the ESRB.’; in paragraph 3, the first subparagraph is replaced by the following: ‘3. Without prejudice to the tasks of the ESRB set out in Regulation (EU) No 1092/2010, the Authority shall, once a year, and more frequently where necessary, provide assessments to the European Parliament, to the Council, to the Commission and to the ESRB of trends, potential risks and vulnerabilities in its area of competence, in combination with the risk dashboard referred to in Article 22(2) of this Regulation.’; paragraph 3b is replaced by the following: ‘3b. The Authority may request that the competent authorities require that financial institutions make information that they must provide under paragraph 3a subject to an independent audit.’;

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Source: EUR-Lex (Cellar) · retrieved 2026-10-14 · Text as adopted (Official Journal); later amendments are not incorporated in this text.