European Banks Stress Test - by September 2009

[jabaar]

May 12 (Bloomberg) – European Union bank regulators will conduct confidential stress tests by September, stepping up scrutiny of risks after lenders absorbed more than $1 trillion of losses and writedowns in the global financial crisis.

Regulators in the 27 EU countries will report overall data, not results for individual banks, to finance ministers and the EU’s executive arm, said Efstathia Bouli, a spokeswoman for the Committee of European Banking Supervisors in London. They don’t plan to publish the results.

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Well Ireland’s banks will have to look good with all the capital injections, wha!!!