Finnish Finance Minister Urges Regular Stress Tests

24 Sep 2010

Europe’s largest banks should face frequent stress tests in order to bolster confidence in financial markets, according to Jyrki Katainen, Finland’s finance minster.

Europe’s largest banks should face frequent stress tests in order to bolster confidence in financial markets, according to Jyrki Katainen, Finland’s finance minster. Katainen said the recent capital adequacy test of Europe’s largest banks in July helped calm markets, adding that stress tests “at least twice a year” ...

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