ECB: Greek Banks Stress Tests Results Due in May

3 November 2017
1040 Views

The European Central Bank‘s stress test of Greek banks is still expected to be completed in May despite a delay in a pan-European check.

The Greek stress test, aimed at uncovering any shortage of capital before Greece leaves its 86 billion-euro ($100 billion) bailout in August, will be carried out separately from a regular stress test of other eurozone banks.

The delay is not expected to affect the timeline for the stress test on Greek banks.

The European Banking Authority, which writes the criteria for the pan-European stress tests, announced earlier this week that it would only publish stress test results in November 2018, several months later than in previous years, as banks need time to implement new accounting standards.

That was forcing the ECB, which carries out the EBA test for euro zone lenders and uses the results as an input for setting its capital demands, to delay its annual review of banks on its watch.

Source: Reuters / Greek Reporter

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