EU to release details of bank stress tests

The EU is to release the details of stress tests on more than 100 European financial institutions (including some of Ireland’s banks) on July 23, it has been announced.

The test was designed to ensure that banks bear loan losses resulting from ant further downturn in the EU economy. However the test has been criticised by several analysts for setting the bar too low

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s