Financial Times
March 17, 2011
Andrea Enria is making a spirited attempt to restore credibility to the European bank stress test project.
In private and public alike, he has been acknowledging some of the weaknesses of last year’s process ever since he became chairman of the European Banking Authority at the start of the month.
The shortcomings of the European 2010 stress tests were evident to the world when Ireland’s banking system failed only four months after being given a clean bill of health. But the arrival of Mr Enria, a former Bank of Italy executive, has helped galvanise officials into confronting the lessons learnt.
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