EU Braces for New Bank Stress Tests This Year

Thursday, 13 Jan 2011 09:56 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
The newly created European Banking Authority says it will publish the results of new stress tests on big European banks in mid-2011.

The new banking regulator said Thursday that the new tests will cover a similar group of banks to the ones conducted last July, when 91 banks where scrutinized for their ability to withstand financial shocks.

Last year's tests were widely deemed a failure, because Irish banks that passed the test soon afterward needed big capital injections.

The regulator says it will separately review "liquidity funding risks" across the European banking sector in the first half of this year.

This summer's stress tests focused on banks' capital levels — that is, how big their asset base was — rather than how quickly they could access those funds under stress.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web

Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
You May Also Like
Around the Web

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved