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Euro bank stress tests: evolution, not revolution

Thursday, June 27, 2013 - 01:59

June 27 - The euro crisis is slowly ebbing, but bank stress tests are here to stay.They will be different from previous rounds though, which bankers welcome.

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These may not be quite so texting a stressful times for Europe's banks but stress tests but -- to state. That's the message from a gathering of hundreds of buying those in -- eurozone banks are still two -- Giles to be a solid pillar of economic supports. But they're laying the foundations. So says Tim Adams he's president of the Institute of International Finance. A global banking will be great. Well I think European banks have been very Joba racing capital they've an attractive balance sheets -- They've done a very good job of trying to clean up their balance sheets I think they're much more stable and and vibrant than they were a year or two ago -- come along way depends on the jurisdiction that they come along way with me Basel III. -- requirements they're raising capital. And I think what we'll see over the coming years much stronger balance sheets. Process across the region so. Food for -- bankers themselves want to find the idea of stricter oversight all of -- weeks but until the green shoots of economic recovery firmly in place. Francs -- -- to be subject of close scrutiny -- says the pulse of Italy's largest retail banking has some polo and Nikko -- Yani. And I think committee in times of turbulence it's normal -- Yeah it. To go through the rigorous stress tests and to be a rigorous -- checking asset quality I mean I think it's just good practice. Whether it is an authority that today opposes that. Whether it is in totally done on a voluntary basis it doesn't match -- important thing is to know what's going on and be prepared. -- scenarios. Soul evolution not revolution of course a focus on the quality and strength of banks' assets. Rather than the nominal level of the capital base. As unit moves farther away from the acute phase of the crisis the question now it is who will be in charge of monitoring process. To any media but from Reuters in Paris.

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Euro bank stress tests: evolution, not revolution

Thursday, June 27, 2013 - 01:59