STOCKHOLM Nov 7 The chairman of the European
Banking Authority, Andrea Enria, said on Thursday he was "very
confident" of meeting the end 2014 deadline for the next round
of stress tests on Europe's banks.
"We are good at keeping deadlines," Enria told reporters in
Stockholm. Some supervisory sources have previously criticised
the deadline as too tight since the European Central Bank must
first complete its review of eurozone banks' balance sheets.
Banks across the EU still don't know when they will get key
details that will enable them to prepare the large amounts of
data they will have to provide for the stress tests, which are
billed as the most comprehensive ever assessment of Europe's
"I realize that's a point the banks want to have answers
on," Enria said. "I can't give that now. Once we have the
methodology then we can have a clear timeline."
The amount of capital banks will have to raise as a result
of the tests will largely depend on the "stressed scenario" - or
the adverse conditions banks would be tested against.
Enria said that scenario has not yet been decided and will
be defined "much closer to the stress tests".