Friday, July 15, 2011

EU bank stress test results due

The European Banking Authority (EBA) is set to publish the results of stress tests of 90 banks across Europe later.



The tests are designed as a financial healthcheck and aim to ensure banks have sufficient capital to withstand difficult economic scenarios.


Some say the tests are not strict enough, despite changes made after only seven out of 91 banks failed last year.

On Wednesday, German bank Helaba said it expected to pull out of the stress tests to avoid public failure.

See original article =>
http://www.bbc.co.uk/news/business-14159217

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