Latest Europe bank stress test to determine resilience
Add BT as a preferred source
Berlin
EUROPEAN regulators provided details on Wednesday for the latest stress test aimed at measuring the ability of the region's lenders to survive a financial crisis or severe economic downturn.
Unlike tests in past years, the latest test will not have a minimum capital threshold that lenders will have to meet in order to pass. As a result, no bank can actually fail - or pass - the examination, according to the European Banking Authority, which regulates lenders in the European Union.
TRENDING NOW
UOB to sell asset management arm to Allianz Global Investors for S$555 million, sharpen wealth advisory focus
UOB CEO’s youngest child Grant Wee turns burnout into a wellness business
1 in 5 fresh graduates from autonomous universities still seeking employment: MOM
Yeoh Pei Xien: YTL’s third-gen scion with a pastor’s heart
