FRANKFURT (MNI) – Eurozone bank stress tests appear to include
realistic scenarios and should have a very positive impact, John Lipsky,
First Deputy Managing Director of the International Monetary Fund, said
Friday.
Stress tests “should be extremely helpful. Because we have seen in
the latest announcement that the coverage is going to be quite strong.
And that the…scenarios are going to be quite realistic,” Lipsky said
on the sidelines of the “ECB And Its Watchers Conference.”
“They are quite stressful in that way and it’s a commitment to
transparency about the results,” he added.
“It strikes me this is so far…a very, very positive step
forward,” Lipsky said.
He also said that he sees a commitment “to take remedial action to
those cases that require it.”
–Frankfurt newsroom +49 69 72 01 42; Email: frankfurt@marketnews.com
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