European banks are obliged to publish data on the debt

The European bank regulator European Banking Authority (EBA) on March 18 issued options and timing of new stress test, which will have to undergo major EU banks. With these tests, the authorities checked the stability of credit institutions in case of a possible crisis. A new series of stress tests will be held in April-May this year, and the results will be published in June of each individual bank, rather than the sector as a whole. In EBA note that the script tests will be significantly more stringent than a similar test program in 2010. In particular, as pointed out by BBC News, lenders will be obliged to fully disclose their investments in sovereign debt by maturity and country. At the same time in a negative scenario will not be considered a default version of the EU governments, or one of the EU countries. Checks will affect a total of 65 per cent of the EU banking system, while in each of the Union of stress tests should be conducted not less than half of the large banks. They have to learn how lenders are stable in the face of declining EU GDP by 0.4 percent in 2011 and zero growth in 2012. As a result of in 2010 stress test, most EU banks were considered resistant to the deteriorating economic situation. Later, however, experts have criticized the test conditions as too lenient. Source: Lenta.ru