The stress tests of large banks highlighted in Basel II were performed ahead of schedule to the recent credit crisis of 2007-2009.

Name: The stress tests of large banks highlighted in Basel II were performed ahead of schedule to the recent credit crisis of 2007-2009.
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The Basel II framework, which included stress testing, was implemented before the 2007-2009 financial crisis, but the crisis revealed that these tests were inadequate in predicting the severity of the crisis.

The Stress Tests of Large Banks Highlighted in Basel II