The Trader 

EU banks sail through stress tests

The Trader

Last Friday the European Banking Authority (EBA) announced the results of the impact a severe adverse scenario might have on the common equity tier one (CET1) ratio at the 48 most important banks in the region. The exercise started on 31 January 2018 using data from balance sheets at the end of 2017, so it does not take into account this year’s developments, such as the loss in value of Italian sovereign debt; the authorities’ blatant lack of urgency and expediency evident.

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