Stress Test Banks, EU Pass Rate Unknown a Month Before Deadline

European Union regulators have yet to agree on which banks to test as part of annual exams on capital, or what the passing grade will be, a month before an April deadline for disclosure of stress test methodology.

The stress tests will apply to a “wide sample of European banks covering over 60 percent of total EU banking assets,” the European Banking Authority, the agency carrying out the tests, said in a statement today that didn’t identify the banks to be examined. The regulator said earlier this month that it would list the banks by today.