The European Banking Authority’s (EBA) bank stress tests have been hailed by most as a resounding success that will reinstill confidence in the euro zone banking sector.
Central bankers and brokerages alike have declared the test as a “big step forward” that will prove positive for the share price of European banks and serve as a catalyst of change for the broader sector.
Governor of the French central bank, Christian Noyer told CNBC the quality of the exercise was “excellent” and that he is confident the result will convince markets and the general public about the quality of the banking sector in the euro zone.
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