European banks face probe into their stress-testing abilities

FRANKFURT, 5th July, 2024 (WAM) -- European banks are facing investigations into how good they are at carrying out the stress tests that became a hallmark of banking policy in the aftermath of the global financial crisis, Bloomberg reported on Friday.

The European Banking Authority, which coordinates the European Union's biennial review of whether banks could withstand a hypothetical Armageddon, wants national s