Banks Brace for European Stress-Test Results on July 29: Q&A
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The European Banking Authority will release the results of its latest stress test at 9 p.m. London time on July 29. The exam is intended to give supervisors across the 28-nation European Union a common basis for measuring and bolstering lenders’ financial resilience. In a break from past practice, the test has no pass/fail mark and won’t specify capital shortfalls.
The publication has taken on additional importance this year because of its connection to Italy’s attempts to shore up banks weighed down by about 360 billion euros ($396 billion) of non-performing loans.