6. For the purpose of these Guidelines, the following definitions apply: a) ‘tests’ means stress …

For the purpose of these Guidelines, the following definitions apply:

• a) ‘tests’ means stress tests that are tools, coordinated at the national, Single Supervisory Mechanism (‘SSM’) or Union level, designed to assess the resilience of a group of institutions against hypothetical adverse market developments.
• b) ‘reviews’ means asset quality reviews consisting in assessments, coordinated at the national, SSM or Union level, of the quality of the accounting or prudential framework applied by a group of institutions, including an assessment of the risk management framework, loan classification, collateral valuation and loan origination and arrears management.
• c) ‘exercises’ means tests or reviews coordinated at Union level and conducted on a population of institutions over multiple jurisdictions. The assessment carried out in these exercises is based on the consistency, transparency and comparability of the outcomes across institutions.
• d) ‘competent authorities’ are authorities identified as competent authorities in Article 4(1)(a) and 4(1)(d) of the EBA Regulation.

1. Forbhreathnú

1.1 Tagairtí

1.2 Ceanglais aitheanta

1.3 Caighdeáin ghaolmhara

2. Ceanglais aitheanta

3. Caighdeáin ghaolmhara

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