Euro Banks Stress Test Results

183 posts / 0 new
Last post
Euro Banks Stress Test Results

Late Friday night when markets were closed for the weekend the European Banking Authority (EBA) released the results of their 2016 stress test we wrote of last week.  As expected they did not use the pass and fail mark but the results spoke for themselves.  As predicted Italy’s Banca Monte dei Paschi (MPS) clearly failed, having a negative capital ratio (bust) under the ‘adverse circumstances’ scenario and needs a €5 billion bank bailout.  EBA set the ‘bar’ at just 7% for the CET1 (Tier 1 core equity capital : total risk-weight assets ratio).  On that measure 4 banks failed the test.  To give an idea of the sensitivity and implications of setting this bar, if it had been 8% an additional 6 banks would have failed and that would have included A-listers (TBTF’s) Commerzbank, Unicredit, Barclays, and you guessed it… Deutsche bank.  The latter also failed the US Fed’s stress test and is the IMF’s #1 GSIB.

There has been a lot of commentary after the report’s release amongst analysts that it appeared a market appeasement exercise rather than a robust stress test.  For a start, as we discussed last week, 51 banks is less than half of the 124 banks tested last time and excludes all the real problem childs in Greece and Portugal.  Secondly the ‘adverse circumstances’ scenario saw a real GDP growth rate of -1.2% in 2016, -1.3% in 2017 and +0.7% in 2018, all of which pales next to what we saw at the onset of the GFC.  Thirdly, a major threat to Euro banks is negative interest rates killing profitability and that was not included in the stress test.  As we reported in Friday’s Weekly Wrap, Deutsche Bank last week announced its second-quarter net income fell 98% from a year earlier, as one such example.  Finally there was disbelief that the stress test made no mention, nor medium term scenario modelling for Brexit implications.

And so the market spoke and the Stoxx index of European banks was down close to lows seen during the financial crisis.  Finally if you want another example of ‘everything is fine, nothing to see here’ market appeasement, just hours ago the Stoxx Europe 50 index announced it was booting out Europe’s 2 biggest banks – Deutsche Bank and Credit Suisse, effective 8 August.  They are being replaced by much better performing companies….  Spot below which are out and which are in… All fixed.


Euro Banks Stress Test Results


Thanks a lot for submitting this article today. I really enjoyed reading this killtest H13-621. This really is one of the best articles that I've read in a long time. Thank you very much for sharing this information with us. killtest 1z0-415


Hello! I'm sorry, that is not the topic! I really like your forum! Thank you, I'm with you)

uber customer service number


In brightness of the continuous concrete presentation of the employment advertise along with our attitude for profitable commotion furthermore increase, I suppose case for Do My Homework enlarge in the central resources velocity comprise support in modern months.


Prada has consistently been about Replica handbags afore it was a megabrand, afore it did ready-to-wear, even afore its way with apparent atramentous nylon fabricated a Prada replica bag the defining accent of the mid-1980s afore all of that, it was a covering appurtenances and baggage company. Accoutrements are the accustomed bellwether for the brand, so appearance Gucci Replica Handbags editors and industry analysts watch their development closely.Below the foreground flap, you will acquisition the signature CC logo and it is stitched on the atramentous covering in the background. If you ambition a bound copy Added Mini Archetypal Accent Bag not its alone accessible for this season, again go coursing at the Chanel boutiques as anon as possible. Aswell analysis for added Replica handbags uk colors too.Mulberry could absolutely use the reinvigoration that about comes from the hiring of a new artistic director. And if amplification in the U.S. is of interest, conceivably Mulberry could angle to name a affected backpack afterwards an American celebrity with a bit added blockage ability than Lana Del Rey. Though, if we had to put at our money on the name of the next celeb-nammed purse, we’d bet on The Cara.


good the app such that it can stream video clips without Mobdro for Android As per my experience, Bluestack is the best Emulator for nice.

keese laye

The common rail system prototype was developed in the late 1960s by Robert Huber of Switzerland and the technology further developed by Dr. Marco Ganser at the Swiss Federal Institute of Technology in Zurich, later of Ganser-Hydromag AG (est.1995) in Ober?geri.
The first successful usage in a production vehicle began in Japan by the mid-1990s. Dr. Shohei Itoh and Masahiko Miyaki of the Denso Corporation, a Japanese automotive parts manufacturer, developed the Common Rail fuel system for heavy duty vehicles and turned it into practical use on their ECD-U2 common-rail system mounted on the Hino Rising Ranger truck and sold for general use in 1995.[3] Denso claims the first commercial high pressure common rail system in 1995.[4]
Modern common rail systems, whilst working on the same principle sensor are governed by an engine control unit (ECU) which opens each injector electronically rather than mechanically. This was extensively prototyped in the 1990s with collaboration between Magneti Marelli,Centro Ricerche Fiat and Elasis. After research and development by the Fiat Group, the design was acquired by the German companyRobert Bosch GmbH for completion of development and refinement for mass-production Common Rail Nozzle . In hindsight, the sale appeared to be a tactical error for Fiat, as the new technology proved to be highly profitable. The Common Rail Injector Valve had little choice but to sell, however, as it was in a poor financial state at the time and lacked the resources to complete development on its own.[5] In 1997 they extended its use for passenger cars Common Rail Injector . The first passenger car that used the common rail system was the 1997 model Alfa Romeo 156 2.4 JTD,[6] and later on that same year Mercedes-Benz C 220 CDI.
Common Rail Shim & Gasket kit have been used in marine and locomotive applications for some time. The Cooper-Bessemer GN-8 (circa 1942) is an example of a hydraulically operated common rail diesel engine, also known as a modified common rail.


without paying any type of solitary cent to programmers.  acmarket apk download  procedure you will get 2 alternatives like "Open".


I'm glad to see the great detail here!.



Keeping money is a standout amongst the most compelling elements on the economies of todays society. Similarly as with everything nowadays, innovation is evolving where, when and a large portion of all, how we get things done, particularly managing an account and other related. Guardians Of The Galaxy 2 Jacket.

muneer ahmed

I need to search for objectives with fundamental data on given point and offer them to teacher our slant and the article. cedar roof installation

muneer ahmed

Find a list of the best mortgage brokers close to you. Mortgage Brokers with secondary financing options. We find fast solutions for even high risk mortgages Best Mortgages


Thanks for sharing such post. Watch HD movies using HD Movies App on your android smartphone


See my websit friend efek samping triflex capsule

muneer ahmed

This is also a very good post which I really enjoyed reading. It is not every day that I have the possibility to see something like this.. personal alarm pendant

muneer ahmed

This is also a very good post which I really enjoyed reading. It is not every day that I have the possibility to see something like this.. Vashikaran Specialist Astrologer

muneer ahmed

A conventional blog reliably comes up with new and empowering information and remembering that understanding I have feel that this blog is genuinely have every last one of those quality that qualify a blog to be a one. lambingan

muneer ahmed

Integra Polygraph Solutions is a Cape Town based company that specialises in Polygraph testing (Lie Detector testing) throughout the Western Cape. We offer a broad selection of Polygraph tests that include Pre-employment Polygraph Testing, Specific Issue Investigation as well Staff Integrity Assessment. Polygraph Examination

muneer ahmed

Futbolu doyasıya yaşamak için son dakika futbol haberleri sunan sitemize davetlisiniz. Tüm transfer gelişmelerini en doğru ve tarafsız şekilde görüşlerinize sunuyoruz.Transfer Haberleri

muneer ahmed

Staggering post I should state and thankful for the information. Direction is verifiably a sticky subject. In any case, is still among the fundamental subjects of our chance. I esteem your post and foresee more. eventi in diretta da casa in streaming

muneer ahmed

Staggering post I should state and thankful for the information. Direction is verifiably a sticky subject. In any case, is still among the fundamental subjects of our chance. I esteem your post and foresee more. buy quality instagram followers

muneer ahmed

Staggering post I should state and thankful for the information. Direction is verifiably a sticky subject. In any case, is still among the fundamental subjects of our chance. I esteem your post and foresee more. SEO Hampshire

muneer ahmed

Good focuses you composed here..Great stuff...I think you've made some really intriguing points.Keep up the great work. Delphian School

muneer ahmed

Staggering post I should state and thankful for the information. Direction is verifiably a sticky subject. In any case, is still among the fundamental subjects of our chance. I esteem your post and foresee more. Flood Doctor

muneer ahmed

Better than typical information, valuable and exciting framework, as offer especially finished with shrewd examinations and thoughts, clusters of extraordinary information and inspiration, both of which I require, by integrity of offer such an obliging information here. holi cannon

muneer ahmed

Staggering post I should state and thankful for the information. Direction is verifiably a sticky subject. In any case, is still among the fundamental subjects of our chance. I esteem your post and foresee more. best legal steroids

muneer ahmed

This is an awesome article, Given such an extraordinary measure of data in it, These sort of articles keeps the customers excitement for the site, and keep sharing more ... favorable circumstances.


Well, as we know about  European Banking Authority EBA always heart working with consistency this good idea for our us. and as we know because of this our country can growth, and we will stroung economically this is a good job from suhc a greatmangement. keep it up! Baby Jacket Getmyleather


I really appreciate your post. Thanks for sharing such useful information. mc hjälmar


Good Post, I really support your post, Thank you. Download IPTV for Kodi is a streaming application with providing package entertainment channels. IPTV is a large entertainment platform. All of these will work in streaming applications. This includes time period packages available with Iptvdownload for PC.


muneer ahmed

प्रधानमंत्री आवास योजना देश के शहरी गरीब लोगों की नियति को बढ़ाने के प्रस्ताव में एक साथ खुले और निजी दोनों हिस्से को लाने के लिए थी।

muneer ahmed

Exceptionally useful post ! There is a considerable measure of data here that can enable any business to begin with a fruitful long range informal communication campaign ! Paver Patio


Thanks for sharing this amazing info.

Check it out here gbwhatsapp apk 2017 for free.


I experience very amazing things.It was well authored and embraced with the lesson for many ones. find more info


Amazing site ,I like the creative of the site  and I always looking for this type of creative .$1 hosting godaddy   


You can do very creative work in a particular field. Exceptional concept That was incredible share. website


this website has a very good format and it has some unique properties. Call Girl in Goa

 Escort Bangalore



yeezy 350 boost oakley sunglasses canada goose jackets coach bags fitflops sale hermens bags michael kors outlet air max 97 ralph lauren uk ugg boots nike outlet store canada goose uk the north face cheap ray bans jordan shoes polo ralph lauren outlet online adidas kate spade nfl jerseys wholesale coach factory outlet michael kors outlet coach factory outlet burberry ugg outlet coach outlet timberland boots ralph lauren outlet hermes birkin ugg shoes cheap jordans moncler outlet pandora charms sale red bottoms shoes cheap nfl jerseys canada goose outlet cheap uggs coach outlet air max 2018 ralph lauren sale clearance moncler outlet canada goose outlet birkenstock sandals fitflops sale clearance valentino shoes outlet canada goose uk adidas yeezy north face outlet online kate spade outlet store red bottom shoes nike zoom adidas yeezy boost adidas yeezy boost adidas shoes moncler outlet philipp plein outlet pandora charms moncler jackets kate spade handbag canada goose uk nike air max nike shoes nike air max michael kors outlet store pandora jewelry coach outlet fred perry supreme clothing ralph lauren outlet ralph lauren outlet cheap mlb jerseys china canada goose sale nike outlet store ralph lauren outlet tory burch outlet store pandora charms louis vuitton ugg boots for women canada goose jackets coach outlet coach factory outlet uggs coach outlet ralph lauren uk yeezy boost 350 ray ban sunglasses coach outlet canada goose sale coach outlet cheap jordans free shipping canada goose sale kate spade outlet air jordan shoes ferragamo shoes adidas nmd ugg outlet coach canada ugg boots on sale adidas shoes fitflops ugg outlet coach factory outlet columbia sportswear tory burch outlet ugg boots mulberry handbags ralph lauren sale clearance louboutin shoes pandora jewelry michael kors uk polo ralph lauren outlet online michael kors handbags pandora jewelry coach outlet pandora outlet coach outlet moncler outlet canada goose outlet ray ban sunglasses canada goose outlet coach outlet coach factory outlet gucci handbags yeezy boost michael kors outlet michael kors handbags valentino shoes canada goose jackets cheap oakley sunglasses michael kors handbags burberry sale pandora charms sale clearance uggs outlet discount oakley sunglasses yeezy boost canada goose jackets cheap ray ban sunglasses cheap ugg boots coach outlet oakley sunglasses sale cheap ray ban sunglasses canada goose sale air jordans pandora charms sale salvatore ferragamo shoes ugg outlet longchamp uk canada goose clothing canada goose adidas nmd uggs canada goose jackets uk coach factory outlet coach factory outlet air jordans cheap jordans uggs outlet michael kors outlet online ugg outlet jordan retro 11 adidas outlet cheap jordans for sale hermes handbags michael kors outlet coach outlet store online clearances michael kors outlet longchamp outlet online pandora jewelry ugg outlet store louis vuitton outlet ugg boots jordan retro coach outlet hermes outlet ugg australia coach outlet hermes handbags pandora charms christian louboutin outlet cheap nfl jerseys coach factory outlet air max 2018 ugg boots pandora charms uggs canada pandora charms sale clearance longchamp handbags christian louboutin outlet polo ralph lauren outlet online louis vuitton outlet store coach outlet michael kors outlet ralph lauren outlet michael kors canada michael kors outlet adidas outlet louis vuitton outlet online pandora charms ralph lauren uk ralph lauren outlet ugg shoes oakley sunglasses ugg boots kate spade outlet store canada goose outlet north face jackets ugg outlet ugg outlet canada goose outlet canada goose michael kors outlet timberland boots outlet pandora charms uk ugg boots north face outlet ugg boots canada goose jackets moncler michael kors outlet polo ralph lauren outlet online ugg outlet moncler nfl jerseys wholesale pandora outlet cheap mlb jerseys coach factory outlet ray ban sunglasses uggs canada coach canada red bottoms ugg outlet fitflops michael kors canada ugg outlet ultra boost ralph lauren uk kate spade outlet ugg sale jordan shoes burberry outlet canada polo ralph lauren outlet ugg outlet pandora coach handbags adidas yeezy canada goose outlet coach factory outlet online ralph lauren yeezy boost coach outlet online polo ralph lauren outlet fred perry polo coach factorty outlet timberland outlet ugg outlet north face outlet michael kors outlet ugg boots on sale moncler jackets north face jackets moncler outlet timberland boots ugg outlet michael kors outlet store canada goose uk polo ralph lauren outlet online yeezy boost coach outlet online pandora charms louis vuitton outlet cheap uggs coach factory outlet online polo outlet adidas yeezy kate spade adidas shoes coach outlet canada goose jackets moncler uk ugg boots fitflops sale clearance canada goose outlet coach factory outlet coach outlet store ralph lauren outlet supreme clothing moncler jackets longchamp handbags cheap nfl jerseys oakley sunglasses canada goose outlet nike store mulberry outlet oakley sunglasses michael kors outlet clearance moncler jackets outlet pandora store ray ban sunglasses nike outlet online fitflops canada goose outlet air max 2017 nike outlet nmd shoes ray ban sunglasses discount nmd adidas coach outlet store jordans ugg outlet cheap mlb jerseys michael kors outlet michael kors outlet clearance michael kors outlet clearance uggs philipp plein shirt yeezy boost canada goose michael kors outlet burberry outlet north face outlet coach outlet adidas yeezy michael kors outlet clearance michael kors outlet online cheap uggs mbt ugg outlet michael kors supreme new york canada goose outlet salvatore ferragamo ugg boots michael kors outlet burberry outlet store gucci outlet coach outlet coach factory outlet ugg outlet michael kors factory outlet ray ban sunglasses polo ralph lauren outlet mulberry bags coach factorty outlet canada goose jackets ugg boots kate spade outlet harden vol 1 michael kors outlet kate spade handbags ugg outlet coach outlet louis vuitton outlet polo ralph lauren outlet adidas yeezy boost polo ralph lauren outlet canada goose outlet oakley sunglasses coach outlet moncler outlet cheap oakley sunglasses mulberry uk mbt shoes coach outlet store online moncler coats coach outlet ugg boots canada louis vuitton outlet online uggs outlet mbt shoes oakley sunglasses ralph lauren outlet coach outlet store north face jackets longchamp outlet moncler jackets cheap jordans adidas nmd ralph lauren outlet pandora charms sale clearance canada goose outlet canada goose outlet pandora charms longchamp outlet nike shoes coach outlet store ugg outlet online christian louboutin nike shoes for men canada goose north face jackets adidas shoes cheap jordans ugg boots coach outlet store adidas outlet adidas yeezy adidas nmd adidas campus uggs clearance michael kors outlet clearance burberry outlet ugg boots canada goose jackets kate spade bags polo outlet michael kors outlet online adidas shoes pandora jewelry canada goose coats moncler jackets michael kors outlet ugg ustralia pandora charms cheap jordans ugg boots canadian goose louboutin shoes hermes handbags coach factory outlet nmd adidas michael kors outlet canada goose outlet polo ralph lauren air jordan shoes burberry outlet pandora jewelry outlet canada goose outlet ugg outlet cheap uggs christian louboutin christian louboutin outlet adidas superstar canada goose adidas superstar cat boots louis vuitton outlet store ralph lauren outlet coach factory outlet ralph lauren outlet ugg outlet canada goose birkenstocks nike outlet hermes bags canada goose cheap ray ban sunglasses supreme clothing coach outlet nike outlet tory burch outlet ferragamo outlet ralph lauren canada goose uk ralph lauren outlet canada goose outlet air max 97 doudoune moncler nike shoes canada goose outlet jordan shoes pandora outletmt0109

muneer ahmed

Conseiller et orienter nos clients, apporter des solutions innovantes afin de valoriser votre image, mettre en place des actions de communication adaptées, c’est ce à quoi nous tentons de répondre pour soutenir votre activité. Creation site internet Paris

muneer ahmed

Those luxury products which are on our ultimate wish list. Today I thought I would share mine with you.  Make up artist advice

muneer ahmed

It is perfect time to make a couple of courses of action for the future and the time has come to be happy. I've scrutinized this post and if I would I have the capacity to need to prescribe you some captivating things or suggestions. Possibly you could make next articles insinuating this article. I have to examine more things about it! pocono mountains skiing

muneer ahmed

We promote cryptocurrency with cost-effective digital marketing services for blockchain companies that are running in pre and post ICO. The result of those services is regarded more to community engagement, subscribers, downloads and investors. ico growth hacking

muneer ahmed

Took me time to understand all of the comments, but I seriously enjoyed the write-up. It proved being really helpful to me and Im positive to all of the commenters right here! Its constantly nice when you can not only be informed, but also entertained! I am certain you had enjoyable writing this write-up. bus rental innsbruck

muneer ahmed

This page and I consider this site is unbelievably enlightening ! Keep on setting up! Top 5 Photo editing apps

muneer ahmed

We bring nature to you, wherever your workplace, whatever your space, we create and maintain indoor and outdoor planting schemes for offices, hotels, shops, and restaurants. We provide Landscaping services in Kochi, Kerala. We design, create & maintain Vertical gardens, Green walls and Terrace gardens. Contact us for all your Indoor and Outdoor garden creation and maintenance. AMC’s for Garden, Lawn, Vertical Garden in Kochi, Kerala

muneer ahmed

Took me time to understand all of the comments, but I seriously enjoyed the write-up. It proved being really helpful to me and Im positive to all of the commenters right here! Its constantly nice when you can not only be informed, but also entertained! I am certain you had enjoyable writing this write-up. Desnuda

muneer ahmed

First You got a great blog .I will be interested in more similar topics. i see you got really very useful topics, i will be always checking your blog thanks. cedar roofing

muneer ahmed

We are tied particularly into the fulfill's rebuilding database which empowers us to process your request in a blaze. voyance low cost

muneer ahmed

This post is extremely easy to peruse and acknowledge without forgetting any subtle elements. Incredible work! osabus 

muneer ahmed

It is rather very good, nevertheless glance at the data with this handle. Game development company in India