EU banks to face tough criteria for stress tests

European Union banks will be ranked on how well they can withstand a 21.2 per cent slump in home values, coupled with a surge in unemployment and plummeting economic growth.

29th April, 2014
ECB headquarters.

European Union banks will be ranked on how well they can withstand a 21.2 per cent slump in home values, coupled with a surge in unemployment and plummeting economic growth, as part of the bleakest scenario in the most severe EU stress test to date.

The exams will also simulate a 19.2 per cent drop in stock prices over three years, as well as a 14.7 percent fall in commercial real-estate prices across the 28-nation EU,...

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