What's to see in ECB's Rorschach test?

By GlobalCapital
23 Oct 2014

Europe’s banks are about to get a reality check. Or so say advocates of the European Central Bank’s comprehensive assessment, the results of which come out on Sunday and mark a major event in post crisis banking regulation.

But the market that will be reacting to those results has been living under a number of delusions for some time. It has been too reliant on overprotective central bankers’ monetary policies that have caused long running distortions in not only asset prices, but perhaps even ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial