ECB stress tests not accurate gauge of bank stability: poll

New York

EUROPE still hasn't regained investor confidence in its banks.

The European Central Bank's (ECB) stress tests of the region's lenders failed to provide an accurate gauge of their financial stability, according to 51 per cent of respondents to the latest quarterly poll of investors, traders and analysts who are Bloomberg subscribers. The results were viewed as accurate by 32 per cent of the people who responded, while 17 per cent said they weren't sure.