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Recital 1

Recital 1

(1)Pursuant to Article 100 of Directive 2013/36/EU of the European Parliament and of the Council 3 , the competent authorities are required to carry out as appropriate but at least annually supervisory stress tests on institutions they supervise, to facilitate the review and evaluation process outlined under Article 97 of Directive 2013/36/EU.

  1. 3 Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions, amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC ( OJ L 176, 27.6.2013, p. 338 ). ↩
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