Assessment of banks in the euro area. Our results suggest that banks' stock market prices and CDS spreads generally did not react … to the publication of the results of the Comprehensive Assessment. This conclusion also holds for banks with a capital … shortfall. Only for banks in some countries do we find weak evidence for (mixed) effects on stock prices, while CDS spreads for …

the US banking stress tests on banks' equity prices, credit risk, systematic risk, and systemic risk during the 2009 …-13 period. We find only weak evidence that stress tests after 2009 affected equity returns of large US banks. In contrast, CDS …