Question Details

Quick: How many banks will fail the EU stress test?

Quick: How many banks will fail the EU stress test?

Asked by: Super Userkruijs in Business » Economics
Settled on 07/15/2011 17:05 Settled by Super Userkruijs
Winning option: or less European banks need 2.5 bln euros as 8 fail healthcheck

http://www.reuters.com/article/2011/07/15/banks-test-result-idUSL9E7G900520110715

Predictions

10 or less
11 to 15
16 or more

Background

The European Banking Authority (EBA) is set to publish the results of stress tests of 90 banks across Europe later.

The tests are designed as a financial healthcheck and aim to ensure banks have sufficient capital to withstand difficult economic scenarios. The EBA has said that this year's tests would be tougher than the first round.

Up to 15 banks are expected to fail the stress tests this time round, which regulators hope will persuade investors that the EU is coming clean about the extent of its banks' problems.

The test results are expected to be published at 1600 GMT (1700 BST).

http://www.bbc.co.uk/news/business-14159217

Find similar: eu, banks, stress test

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