EBA Will Not Stress Market With Stress Tests

March 3, 2015 Share Print 0

The European Banking Authority, Europe’s banking watchdog, said on Tuesday it had decided not to run an EU-wide stress test this year and would start preparing for the next exercise in 2016.

“Instead of a stress test, in 2015, the EBA will be running a transparency exercise in line with the one conducted in 2013,” it said in a statement on its website.

The transparency exercise will provide detailed data on EU banks’ balance sheets and portfolios, it said.

EBA said progress made by EU banks in strengthening their balance sheets after the asset quality reviews and EU-wide stress test in 2014 had informed its decision.

via CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Bio
Twitter
Google+
Latest Posts

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.