Spain Hires Oliver Wyman, Roland Berger to Stress Test Banks
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Spain hired Oliver Wyman Ltd. and Roland Berger Strategy Consultants to carry out a stress test on the nation’s lenders and plans to contract three auditing companies to do an additional analysis of banks’ loans.
The stress-test results will be published in the second half of June, the Madrid-based Economy Ministry said in an e-mailed statement today. By the end of May, three auditing firms will be hired to assess how each bank is accounting for asset deterioration, with results due in the coming months.