As far as I know the results will be made public in the second half of October. The ecb takes over overseeing Europe's banks on November 4th so all has to be done by then. The banks will be given an idea of results a month before publication and will be given their result 48h hours before been made public. This is to allow the bank a chance to attempt to shore up funding before announcing any negative findings to the stock market.
The tests are 2 part. A asset quality review (AQR) which does what it says on the tin. Then the stress test to see if the bank has enough assets and reserves to deal with any future crisis.
I read today that the results of the ECB stress tests on European banks will be published by the end of October. I thought the results wouldn't be known until November. Does anybody have any idea when the results will be published?
After the last ecb interest rate reduction my new tracker rate came in the post today. 0.80%. I'm glad to see Richie is back at work but it must pain him every time the "t" word is mentioned. Admittedly customers are paying for it elsewhere but regardless of shareholding there's a certain satisfaction in scre.ing a bank for once.
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