Stress Test Result Appeared to be Stronger than Expected. Stringency in Question

Jul 24 2010

The CEBS's stress test result was out yesterday. 7 out of 91 European banks failed the test failed to exceed the 6% Tier 1 capital ratio under the most severe scenario. These banks are Diada (Spain), Espiga (Spain), Unnim (Spain), Banca Civica (Spain), Cajasur (Spain), ATEBank (Greece) and Hypo