Technology

Get Ready for the Stress of Annual Bank Stress Tests 

Only seven banks out of nearly 100 failed the European stress tests around two weeks ago. Yet, the question still remains whether the test has done enough to ensure the strength of European financial institutions. The only real result of the entire exercise thus far seems to be that the watered-down stress tests in Europe have underscored a fundamental lack of confidence in the banking system across the proverbial pond. Indeed, investor jitters in the run up to the tests — arguably created by the test itself — are not subsiding.