THE discovery that 64 of Europe’s biggest banks may be sitting on 806 billion euros (US$1.04 trillion) of potentially unsafe assets, has rocked the credibility of the latest stress tests.
A new study had found that these were deemed potentially unsafe because their holdings of sovereign bonds were not being fully risk assessed, said Reuters.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!