FRSGlobal

Wall Street Journal, July 2010 - EU banks survive stress test

Selwyn Blair-Ford, head of global regulatory policy at FRSGlobal, said: “If you do a test and everyone in the class passes, you know there is a problem with the test.”

European regulators painted a rosier-than-expected portrait of the continent's beleaguered banking sector on Friday, provoking criticism that the government's "stress tests" weren't tough enough on banks. The tests found that 91 banks in 20 European countries could face €566 billion ($730 billion) in total potential losses in a deteriorating economic and financial environment. But only seven banks flunked the tests, coming up short a combined €3.5 billion in capital.

Read the full article here, courtesy of Wall Street Journal »