Europe's stress tests on banks draw mixed responses

07/29/2010 | Euromoney magazine online (London)

Europe's stress tests on banks were dismissed by some as a meaningless exercise, while others said they accomplished the objective of calming markets about banks' condition. "This information goes some way to helping investors understand the underlying strength of individual banks and make their decisions accordingly," said Mark Austen, acting CEO of AFME. "But direct comparisons between banks that have been assessed using different criteria should be made with caution."

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Euromoney magazine online (London)

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