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Thursday, February 09, 2012 10:19:31 PM - Markets closed
VN-INDEX 411.39 +1.86/+0.45%
HNX-INDEX 63.82 +0.08/+0.13%
UPCOM-INDEX 34.97 +0.22/+0.63%
EU official calls for regular bank 'stress tests'
AFP - 9/8/2010 3:05:50 PM
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The European Union's financial services chief called on Wednesday for so-called "stress tests" on banks to be carried out on a regular basis, to judge their resilience in the event of another crisis.

"I am completely of the opinion that in future, we need to conduct stress tests regularly," Commissioner Michel Barnier told the German business daily Handelsblatt in an interview.

So far, Europe has conducted just one "stress test", in July, which seven of the 91 banks failed.

German state-owned lender Hypo Real Estate, Greece's ATEBank and five regional savings banks in Spain failed the key test of capital strength conducted by the Committee of European Banking Supervisors (CEBS).

"We are going to need more tests. The tests this year helped to create transparency and settle the markets," said Barnier.

The EU official also dismissed claims that authorities were saddling banks with too much regulation. "Bankers behaved irresponsibly, immorally and unethically," he said.
Newer News
22:09 Wall Street opens higher on Greek deal
15:32 Emerging market rally to continue in 2012: Citi
13:38 FTSE, DAX and CAC Set to Edge Up On Hopes of Greek Deal
11:10 Jobs rebound dampens QE3 prospects: Fed officials
09:30 Euro edges lower as Greek talks transfix
09:05 China CPI Rebounds as Holiday Boosts Prices
08:00 Asia Stocks Retreat From Six-Month High
07:00 Oil Trades Near One-Week High on U.S. Crude Stockpiles, Refinery Output
08/02 Wall Street churns as Greek talks drag on
08/02 Greek Premier Seeks Bailout Consensus Amid Quarrels
Older News
08/09 BP report on Gulf oil disaster to accept 'some blame'
08/09 European shares edge lower, banks continue to fall
08/09 Dollar hits 15-year low vs yen
08/09 Yuan Trading Against Russian Ruble Said to Start Within Weeks in Shanghai
08/09 Gold `Within a Stone's Throw' of Record as Equities Slump, Euro Declines
08/09 Current-Account Widens More Than Forecast as Firms Withstand Stronger Yen
08/09 Asian Shares Weaker; Yen Strength Hurts Japanese Exporters
08/09 Small investors quitting Wall Street: SEC boss
08/09 Oil Falls a Third Day as European Debt May Hamper Global Growth
07/09 U.S. Stocks Decline on Concern European Debt Crisis May Worsen
 
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