Banks face new European stress tests
By Patrick Jenkins in London, Alex Barker, Peter Spiegel, Gerrit Wiesmann, and Hugh Carnegy
Published October 5, 2011 FT
Europe’s top banking regulator has started to re-examine the strength of the region’s banks, modelling a big writedown of all peripheral eurozone sovereign debt. The exercise, conducted by the European Banking Authority, could potentially identify capital shortfalls across the banking system of as much as €200bn ($266bn).
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