July 22, 2010
Greece's leading private lenders are expected to pass an upcoming health check of Europe's banking sector, but questions remain over whether one of two state-controlled banks being tested may be forced to seek new capital under a worst-case scenario.
The so-called stress tests, the results of which are due Friday at noon ET, are being conducted by Europe's banking regulators on 91 European banks, including six Greek lenders, to see how the banks would fare in the event of an economic slowdown or sovereign loan default.
Specifically, the tests will reveal which banks would fall short of minimum capital requirements under different scenarios, although the exact details remain unclear.
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