Daily Archives: July 23, 2010

John Gapper

Oh dear. The results of the stress tests on European bansk – only seven out of 91 banks failed the tests compared with 10 out of 19 in a similar US exercise last year – are not reassuring.

Given that the European tests gave some leeway to national regulators across Europe to conduct examinations their own way, there was always a lot of scepticism about how rigorous the results would be. Read more