Russian lenders fail stress test

Article reports that nearly a third of Russia’s banks are ill-prepared for a repeat of the global financial crisis, according to a stress test of the industry by its central bank in 2011.

ESO: Background information: Russia’s long and winding road to a more efficient and resilient banking sector http://www.europeansources.info/record/russias-long-and-winding-road-to-a-more-efficient-and-resilient-banking-sector/

---