Mon, 15 Apr 2024 Today's Paper

Eurozone bank stress tests set for 2016: report

By

8 June 2015 02:45 am - 0     - {{hitsCtrl.values.hits}}

A A A

AFP - Europe’s banking supervisory board will carry out stress tests of big eurozone banks in 2016, according to an interview with the watchdog’s president Daniele Nouy released on Saturday.
“There will be a public and general stress test next year. It could only concern a part of the 123 banks that we supervise directly,” Nouy was quoted as saying by German paper Die Welt.
Nouy, who heads the European Central Bank (ECB) supervisory board, gave no details on how the tests would be performed.
Since November the Single Supervisory Mechanism (SSM), an autonomous unit within the ECB, has been Europe’s banking watchdog and is directly responsible for monitoring 123 banking groups.
A stress test is a simulation of various scenarios of financial crisis that probes the strength of banks’ balance sheets. Nouy also said: “There is always smaller scale, targeted tests about specific risks. Whenever we ask a bank ‘What would happen if... ?’ It is a type of stress test.” The watchdog led an extensive review last year of banking assets in the eurozone and a stress test that revealed capital needs at roughly ten financial institutions in the region.

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

  Comments - 0

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment





Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka