ECB insists stress tests are credible

ecb-office-frankfurt

Despite questions about whether Europe’s bank stress tests were credible due to their lack of stringency, the European Central Bank (ECB) has insisted the stress scenarios employed were rigorous enough.

Just seven banks of 91 failed the tests, compared with expectations from Goldman Sachs analysts that 10 banks would fail. The total capital shortfall was €3.5 billion ($4.5 billion), far less than the €37.6 billion forecast by Goldman.

The divergence is likely to fuel criticism about whether the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: