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German Banks Set To Pass Stress Tests

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The European Central Bank (ECB) won’t find cause for concern over German banks when it carries out rigorous stress tests of European lenders, according to the president of the country’s banking regulator.

“I wouldn’t have any specific concern for the German banks with this asset quality review,” Elke Koenig, the president of BaFin told CNBC Friday.
“You have to see also that the banks have already taken precautions.Last year and during this year you could see that they added to their provisions. So I think what is good news for me is all the banks (at least that’s my impression) have understood that the asset quality review will be a serious exercise and they have tried to get ready for it in being prepared.”

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza

@alfonso_forex

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