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Reply #12: EU bank watchdogs demur on tighter stress test [View All]

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Demeter Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-02-11 06:41 AM
Response to Reply #5
12. EU bank watchdogs demur on tighter stress test
http://uk.reuters.com/article/2011/12/02/uk-europe-bank...

Europe's banking watchdogs have agreed to refrain from a further tightening of the "stress test" rules for the region's banks, who are struggling to boost the capital buffers by a mid-2012 deadline, a German newspaper reported.

The European Banking Authority (EBA) and national supervisors from the EU's 27 member states reached an accord on Wednesday after a telephone conference lasting several hours, Handelsblatt newspaper said in an excerpt of an article to be published on Friday, citing a person familiar with the talks.

The agreement is expected to be formally approved by the EBA at a meeting next week, the paper said.

"It is unlikely that something will change," the paper quoted a regulatory source as saying...
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