ECB insists stress tests are credible


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

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking 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: