Bloomberg News

Enria Says European Union’s Stress Tests Got ’Mixed Results’

October 04, 2011

Oct. 4 (Bloomberg) -- Andrea Enria, chairman of the European Banking Authority, said the recent stress tests on banks got “mixed results” because of concerns over sovereign debt.

“We didn’t manage to reassure markets on the solidity of European banks especially because of controversial treatment of soveriegn exposures,” he said at the European Parliament in Brussels today.

“The stress tests were a very difficult challenge for the EBA. I think its fair to say we got mixed results,” he said.

To contact the editor responsible for this story: Peter Chapman at pchapman10@bloomberg.net


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