European Bank Stress Tests Results Will Be Released on Oct 26

The results of Europe’s most comprehensive ever review of its banks’ health will be announced on Sunday, Oct. 26, sources told Reuters.

The sources all spoke on the condition of anonymity as the date has not yet been publicly disclosed. An announcement is expected soon.

The tests will reveal whether around 130 of Europe’s largest banks need to raise more capital for losses they have already incurred and future crises.

 
The tests are designed to finally banish fears about the health of Europe’s banks, whose valuation has lagged behind US peers since the region’s debt crisis struck. link.reuters.com/buf36v

The results must be published before the European Central Bank becomes the euro zone’s banking supervisor on Nov. 4.

Banks will be given their results about 48 hours before publication, to enable them to review the figures and prepare any response.

via Reuters

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza