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Europe Daily Bulletin No. 9901

14 May 2009
Contents Publication in full By article 11 / 27
GENERAL NEWS / (eu) eu/economy
European banks' balance sheets to remain secret

Brussels, 13/05/2009 (Agence Europe) - The implementation of a series of “stress tests” to assess the health of the EU banking system will be done confidentially and within the limits of the European framework. Following the tests called for by the IMF in the US, the European exercise is expected to identify individual banks that might need recapitalisation, explained the Committee of European Banking Supervisors (CEBS), the organisation behind the initiative. A CEBS press release...

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