Mar. 27 - EU banks are shaken not stirred by the Fed's ruling that Citigroup, HSBC, RBS and Santander must strengthen their capital, says Breakingviews.
You know stress -- I have to -- according to braking is joining me now is Dominic and it tell us more interest -- enough -- on the this is coming. From across the -- isn't it. That's right I -- stated the Fed's stress test doesn't annual stress test and can -- is regulates regarded as a bit tougher than anything that's come out of Europe Europe's stress tests. Apologies to get a bit of a lift probably later this year with the AQ honestly asset quality review. I'm so I'm stressed this was going to be released in the same time in September. Vail meant to be -- tough and excited than maybe investors will feel. That's for about European banks in the moment they are a lot less positive than that US rivals. It seems like investors taking -- banks across Europe today taking a bit of punishing. Does this mean for the banks in your opinion how could we see it it's indeed and more these tests -- what the Fed is done things to fail what three. European banks will be the US units of three European banks. It hasn't said that they don't have enough cap -- -- facts. They don't seem to meets the obsolete. Minimum requirements intensive. Capital levels what they said they have failed to do is to meet the processes that all required when you're on -- now. Capital plans side but the -- risk management or an internal corporate governance. The Fed seems to think that these banks do not have the ability to measure and to control risk. In future. Right thank you and Dominique and it there from braking is thinking he's of course -- on European banks stress tests and how. They buying is the exit from the US I'm nineteen all this is shortages.