Stressing out over stress tests: Rob Davies column
Observers are expressing doubts over how useful the latest round of Cebs stress tests for European banks will be.
On July 23, the Committee of European Banking Supervisors will publish the results of stress tests on 91 banks in the European Union, which represent 65% of total banking assets in the region. After initially releasing little detail of the scenarios it would be using when announcing the tests on June 18, Cebs clarified its position on July 7.
The committee revealed that banks’ ability to absorb
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