Eight banks failed European stress tests; 3 Irish banks passed
Jul 15th, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The European Banking Authority (EBA) published today the results of its 2011 European Union-wide stress test of 90 banks in 21 countries - - accounting for over 65% of the EU banking system total assets. The aim of the 2011 EU-wide stress test is to assess the resilience of the banks involved in the exercise against an adverse but plausible scenario. Eight banks failed the stress tests while the 3 Irish domestic banks passed.