Newsletter June 2010: Supervisors finalise crucial EU stress test results

LONDON – European supervisors are finalising the latest stress tests of major EU banks, which policymakers are hoping will allay market concerns about the solvency of the bloc’s financial institutions and put an end to destablising speculation. The London-based Committee of European Banking Supervisors (CEBS), the body that advises the European Commission on banking regulation, and currently coordinating the stress test exercise, confirmed in a mid-June statement that it is liaising with national authorities in preparation for publication of the results.