ECB Stress Test Results ‘Very Encouraging’: ABN Amro

By Robin Stringer  

Bank finds “comprehensive assessment of banks as being a key milestone in Euro zone economy’s recovery process,” according to e-mailed research note from ABN Amro. * Banking sector “still adapting to a post-crisis world” * Assessment was “relatively tough, most of the capital shortfalls have already been closed, and the rest look manageable from a macro or country perspective” * Banking sector “now extremely well-capitalized and the exercise has also provided transparency”
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To contact the editors responsible for this story: Andrea Snyder at asnyder5@bloomberg.net Robin Stringer, John Simpson