Stress test results to be made public by bank: Bini-Smaghi

CNBC reports that Bini-Smaghi told a conference that market pressure has forced the ECB to release stress test results down to the individual bank level.

Expect public funds will have to be made available to make up shortfalls for banks that cannot raise private capital.

Bini-Smaghi also said the ECB may buy private commercial paper in additional to sovereign debt.

EUR/USD trades at 1.2299.