Draghi wants European public backstop for stress tests

mario-draghi

European Central Bank (ECB) president Mario Draghi today stressed that both national and European public backstops will be necessary to ensure the comprehensive assessment is a "credible exercise".

When the ECB unveiled details of its three-pronged assessment – including a supervisory risk assessment, asset quality review and stress test – it highlighted the importance of having national backstops "ahead of the completion of this exercise".

Draghi, speaking in Frankfurt this morning, also

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 info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

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 individual account

.