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Speculation on Stress Tests ‘Unfounded,’ EBA’s Enria Says

The head of the European Banking Authority said “speculation” that a certain number of banks would fail the upcoming stress tests is “completely unfounded.”

The data for the tests, which may be released as soon as next month, is still being processed, Andrea Enria, the EBA chairman, said in a speech in London today. The EBA may fail as many as 15 banks to give the lender examinations more credibility, a person familiar with the negotiations told Bloomberg News.