The EU-wide bank stress test results released on July 15 offered little reprieve for financial markets as concerns over the eurozone sovereign debt crisis continue to dominate. At the heart of the stress test scenario is the ‘adverse scenario’, in which the euro-area economy contracts 0.5% in 2011 and equity markets fall 15%, while banks… [Read more]
On this week’s businesss monitor podcast, we assess the state of the European banking sector on the back of the EU-wide stress test results released on July 23. BMI’s Head of Country Risk and Financial Markets Justin Patrie, along with Head of Europe Analysis Mark Schaltuper and Europe Analyst Chris Graham, dissect the methodology of… [Read more]
That the long awaited results from the EU bank stress tests (released late on July 23) failed to move the markets substantially should come as little surprise. For the stress test results to cause a major re-pricing of assets in the short run, one of two scenarios would have had to take place. On the… [Read more]
