Institutional seats of the European Union are based in Luxembourg City along with the European Investment Bank. The Economic and Social Committee and the Committee of the Regions are entirely based in Brussels while the European Central Bank is based in Frankfurt and Europol is the only agency to have its seat fixed by the treaties, in The Hague. Separately, the Treaty of Nice establishes Brussels as the venue for all formal summits of the European Council after 2004. However some extraordinary sessions are sometimes held outside the city. The European Council's seat is however fixed by a declaration rather than a protocol, meaning it is
2010 European Union bank stress test 2010 European Union bank stress test A European Union-wide banking stress test exercise has been conducted by the Committee of European Banking Supervisors every year since 2009. The second instance was performed in July 2010. The Council of the European Union (in its economic and financial – ECOFIN – configuration) mandated that Committee so to do, in the aftermath of the global financial crisis which started in 2007. The 2010 test was the second of its kind, which assesses the financial strength of European banks under different adverse scenarios. This was done in co-operation with the European Central Bank, the