M&G slams Cebs stress tests

The stress tests of the European banking industry by the Committee of European Banking Supervisors (Cebs) was rendered "an irrelevance" by failing to include the risk of sovereign defaults and ignoring historic debt levels, according to researchers at M&G, the asset management arm of UK insurer Prudential. The firm is not convinced the banking sector will be able to meet the requirements of the upcoming Basel III regulations, due to be in force by 2012.

The test results were published on Friday

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 indvidual account here: