|
|
CEBS published the results of the EU-wide stress-testing exercise
The stress tests focus mainly on credit and market risks, including the exposures to European sovereign debt. CEBS has conducted extensive cross-checks over the results. As a result of the adverse scenario after a sovereign shock, 7 banks would see their Tier 1 capital ratios fall below 6%.
View Article
|
FSB welcomed European bank stress tests: The results provide additional clarity and transparency
FSB Chairman Mario Draghi stressed that EU stress test exercise is an important contribution to bolstering confidence in the European banking system and strengthening the resilience and robustness of the global financial system.
View Article
|
FBF state that financial reforms must take into account the G20’s growth target
FBF is pleased with the G20’s objective of a more resilient financial system, but highlights the importance of the effects of the implementation timeframe of prudential standards, the risk in increasing the pro-cyclicality of accounting standards and the validation of bank taxes on growth targets.
View Article
|
BBA statement regarding CEBS Bank Stress Test announcements
The BBA says “It’s no surprise that the UK banks have excelled at the stress tests set by CEBS to ensure European Banks are well placed to weather future financial problems". They however feel scenario tests are a better approach.
View Article
|
Deutsche Bundesbank and BaFin on the results of the stress tests: German banks prove to be robust and resilient
German banks coped very well with the simulated drop in government bonds prices paired with rise in risk premiums. HRE is the only German bank to fall short of the 6% Tier 1 capital ratio in the most severe stress scenario.
View Article
|
Italian Bank Association: stress test were serious, our system is solid
Giuseppe Mussari, new president of ABI, said the stress tests were severe by definition. I have no doubts about their validity and quality.‘ The biggest task now will be to improve the relations between banks and firms.
View Article
|
El País: Santander and BBVA among the most profitable banks in Europe according to the stress tests results
The figures provided by CEBS shows that Santander is one of the most profitable banks in Europe. Even in the worst scenario, the bank would generate 45.737 million Euro which could cope with credit losses.
View Article
|
Wolfgang Münchau: A test cynically calibrated to fix the result
Writing in the Financial Times about the Stress test results, Münchau said that one of the fundamental problems of the tests is that they left out some important institutions, whose financial health is not entirely clear as it is the case with the German KfW.
View Article
|
Paul Goldschmidt: The ‘Stress Tests’ - Why is the methodology subject to controversy?
Goldschmidt argues that the stress test results have been polemic due to the authorities’ incapacity to prevent the crisis, as well as the difficulties they continue to face in the implementation of the necessary reforms.
View Article
|
The Group of Governors and Heads of Supervision reached broad agreement on Basel Committee capital and liquidity reform package
The agreement defines the capital, the treatment of counterparty credit risk, the leverage ratio, and the global liquidity standard. The Basel Committee will issue publicly its economic impact assessment in August and finalise the calibration and phase-in arrangements in September.
View Article
|
ECB published results of the July 2010 bank lending survey for the Euro area
With regards to loans to enterprises, Euro area banks reported an increase in the net tightening of credit standards compared with the first quarter, exceeding expectations from the previous survey round.
View Article
|