APRA initiated a range of stress tests of the banking system, reflecting the uncertain environment associated with COVID-19. The results of the stress testing, published in the information paper today, concluded that the banking system is well positioned to withstand a very severe economic downturn, whilst retaining the capacity to support the broader economy.
Information paper
Stress testing banks during COVID-19
Stress testing banks during COVID-19
This paper details the results of stress testing activities in relation to the banking system which were taken in response to the uncertain environment associated with COVID-19.