The European Central Bank (ECB)
said Tuesday its latest stress tests on 51 European banks
inlcuding a number of Italian ones were tougher than in the
past, evoking hard recession scenarios.
"The methodology we used was stricter than in previous
stress tests, and the adverse scenario posited a serious
economic decline," said ECB Director General for Macroprudential
Policy and Financial Stability Sergio Nicoletti Altimari. The
results will be published late on Friday.
The stress tests are "not an exercise with some passing and
others failing and don't automatically imply a request for more
capital," said ECB banking oversight official Korbinian Ibel.
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