Interesting risk to watch out for.
The planned stress tests of European banks could be tougher than first thought. According to a German media report, up to 15 per cent of the European banks to be examined may fail — even though the criteria for the tests have been watered down. The pan-European stress tests for banks won’t be as easy to pass as previously thought, and 10 to 15 per cent of banks assessed may fail them, German business daily Handelsblatt reported on Monday, citing an unnamed management board member of a large German bank.
Supposedly one or two could be German.