WSJ: EBA postpones publication of bank stress test results

02 June 2011

The European Banking Authority is said to have decided to delay the publication of results of its latest round of bank stress tests until July, from later this month, amid worries that banks and their national supervisors submitted overly optimistic data.

The EBA has asked 91 banks from 21 countries across the European Union to resubmit data about how they would fare in an economic downturn, sources said.

The move comes after an initial check by the EBA is understood to have found numerous instances of bank submissions that included obvious inaccuracies or missing data about how their balance sheets would perform under the hypothetical economic scenarios prepared by the watchdog with help from the European Central Bank and other regulators.

© Wall Street Journal