EBA Chief Says Stress Tests Were Flawed, Platow Brief Reports

European Banking Authority Chairman Andrea Enria said his institution made mistakes with the implementation of past stress tests, Platow Brief reported, without saying where it got the information.

The massive capital requirements by Spanish banks, which almost all passed the last round of stress tests, reveal the flaws in the methodology, Platow Brief reported. The next round of stress tests will not happen before end of 2013, and its methodology hasn’t been decided yet, the report said.

To contact the reporter on this story: Annette Weisbach in Frankfurt at aweisbach1@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net

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