EU stress tests should follow US example – EBA chairman
Enria says EU process is too slow and opaque compared to US approach
The methods used in the stress tests applied to Europe’s largest banks should be changed, the outgoing chairman of the European Banking Authority said.
The stress tests had some areas “where improvements are needed”, and others “that may require a more fundamental rethinking”, Andrea Enria said at a conference in Romania on November 15.
Enria said that the major problem with the European Union’s stress tests was “the gap between publication of the results and follow-up actions” taken by
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