FT: 6 GERMAN BANKS DID NOT SAY EVERYTHING THEY SHOULD

Pubblicato il 26 luglio 2010 16:55 | Ultimo aggiornamento: 26 luglio 2010 16:55

The CEBS reveals to the Financial Times that six German banks did not say everything they should in the stress tests. More specifically, the six banks allegedly did not reveal all the details on the sovereign bond debt securities of EU Countries that they hold. The comment was made by Arnoud Vossen, Secretary General of the CEBS, the Committee of European Banking Supervisors. The six German banks involved are Deutsche Bank, Postbank, Hypo Real Estate (which failed the stress test), Dz, Wgz and Landesbank. Vossen did not specify why the six German banks did not provide all the data requested, even if German law enables them to refuse to send in some of the information