ECONOMY

EU banking watchdog launches stress test, Greek big four exempt

EU banking watchdog launches stress test, Greek big four exempt

European Union banks will be tested on their ability to raise funds in thin bond markets in a shrinking economy hit by tumbling commodities and property prices, the bloc’s banking watchdog said on Wednesday.

The European Banking Authority’s (EBA) latest health check, the results of which will be published in the third quarter, will spare lenders from being given a simple pass or fail mark.

The ECB will also conduct its own separate stress test on 60 eurozone lenders that are not included in the list of banks the EBA is testing. The Frankfurt-based Central Bank will not publish the results of its own test.

Greece’s four largest banks, Portugal’s Novo Banco and Belgium’s Bank Degroof will be exempt, along with all other lenders that were checked last year.

[Reuters]
 

Banking Economy Finance

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.

READ MORE
Greek banks won’t need further recapitalization, ECB’s Nouy says
ECONOMY

Greek banks won’t need further recapitalization, ECB’s Nouy says

Greek stocks are world’s worst as banks flood market with shares
ECONOMY

Greek stocks are world’s worst as banks flood market with shares

Waiver for Greek bonds on ECB’s agenda, Greek central bank deputy says
ECONOMY

Waiver for Greek bonds on ECB’s agenda, Greek central bank deputy says

ECB cuts rate, to announce more measures
ECONOMY

ECB cuts rate, to announce more measures

ECB answers critics by clamping down on banker meetings
ECONOMY

ECB answers critics by clamping down on banker meetings

Greek deposits safe as top banks raise enough capital
ECONOMY

Greek deposits safe as top banks raise enough capital