Quote: The much-anticipated results of the stress tests of Europe's banks will be published after the markets close on Friday, the Committee of European Banking Supervisors (CEBS) said today.
The markets are keen to learn how the 91 banks which have been subjected to the tests have performed and could be volatile in the run up to the results.
CEBS said it will publish aggregated results in the form of a summary report and main conclusions on its website at 1600 GMT – 5pm local time in the UK. At the same time, the banks and their national supervisors will publish individual results on their own websites. About half an hour later, CEBS added, a summary of the 91 bank-by-bank results will be available on the CEBS website.
Four UK banks – HBSC, Barclays, Royal Bank of Scotland and Lloyds Banking Group – are among the institutions that have been subjected to close scrutiny of their balance sheets to establish if they have enough capital to withstand an economic downturn alongside a sovereign debt crisis. |