July 23, 2010
A vast majority of European banks passed a round of stress tests meant to measure the likelihood that they could survive an economic or market calamity, regulators said on Friday.
But questions about the way the tests were conducted left at least some economists and financial analysts wondering whether the results would be enough to calm investors worried about the stability of the continent’s banking system.
The tests found that seven of the region’s 91 largest banks needed to raise more capital to withstand an unexpected decline in economic growth or a sharp deterioration in the perceived safety of government bonds issued by debtor nations like Greece, Portugal and Spain.
More
No comments:
Post a Comment