Seven banks fail EU stress tests

The long-awaited results of the stress-testing exercise of Europe’s banks were published on 23 July 2010. Only seven out of the 91 banks tested failed to meet the capital requirements. However, analysts cast doubt over the rigour of the tests.

BaFin: Press Release, 23.7.10: Results of the EU-wide stress test http://www.bafin.de/cln_161/nn_720486/SharedDocs/Artikel/EN/Service/Meldungen/meldung__100723__stresstests__cebs__veroeffentlichung__en.html?__nnn=true

Banco de España: Press Room: Stress tests of the European banking sector, July 2010 http://www.bde.es/prensa/test_cebs/resultados_cebse.htm

ESO: Background information: Seven EU banks fail stress tests http://www.europeansources.info/record/seven-eu-banks-fail-stress-tests/

CEBS: 2010 EU Wide stress testing http://www.c-ebs.org/EuWideStressTesting.aspx

EurActiv, 26.7.10: Stress tests under fire as German banks hide debt http://www.euractiv.com/euro-finance/stress-tests-fire-german-banks-h-news-496640

Spiegel Online International, 26.7.10: The Triumph of the Financial World's Lobbyists http://www.spiegel.de/international/europe/0,1518,708494,00.html

Deutsche Welle, 24.7.10: 'Bank stress tests not rigorous enough,' say analysts http://www.dw-world.de/dw/article/0,,5834507,00.html

ESO: Background information: EU regulators name 91 ‘stress test’ banks http://www.europeansources.info/record/eu-regulators-name-91-stress-test-banks/

PressEurop, 26.7.10: Those stress-free stress tests http://www.presseurop.eu/en/content/article/302001-those-stress-free-stress-tests

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