More of Europe’s banks face stress testing

European Union leaders agreed at the European Union, Brussels, 17 June 2010 to publish stress test results for 26 European banks in July 2010 – an unprecedented attempt to restore market confidence battered by weeks of worry about high levels of eurozone sovereign debt.

However, doubts persisted about the detail of the tests. Analysts were unsure whether results would be published bank-by-bank and how credible tests would be. Concern also surrounded the health of Europe’s large number of smaller banks not covered by stress tests. There was also doubt about how the tests to be made public would deal with banks’ holdings of European sovereign debt.

ESO: Background information: EU to publish bank ‘stress tests’ http://www.europeansources.info/record/eu-to-publish-bank-stress-tests-shared-sense-of-direction-at-eu-summit/

Deutsche Welle, 17.6.10: Berlin and banks face off over 'stress test' results http://www.dw-world.de/dw/article/0,,5692908,00.html

Spiegel Online International, 17.6.10: German Flip-Flops on European Bank Stress Tests http://www.spiegel.de/international/business/0,1518,701256,00.html

Spiegel Online International, 22.6.10: Critics Question Soundness of Bank Check-Ups http://www.spiegel.de/international/europe/0,1518,702183,00.html

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