FRANKFURT (MNI) – Bank stress tests should be published within the
Eurosystem, European Central Bank Governing Council member Axel Weber
said Thursday.
The results should be disclosed by country and institution, Weber
told a banking convention here.
“This seems to be largely the consensus among different governments
in Europe, and that is an important step,” he said.
Stress tests are “only reasonable if governments are willing to
make the corresponding commitment to bring forward the necessary
recapitalization,” the president of the Bundesbank added. “We have that
in Germany…but we need it in other countries.”
Weber also mentioned new stress tests that will encompass
“different scenarios” than those previously studied.
–Frankfurt bureau; +49-69-720142; frankfurt@marketnews.com
[TOPICS: M$X$$$,M$G$$$,M$$EC$,M$$CR$]
