“There is obviously the risk that if too many banks pass and do so with a comfortable margin, the test may be judged as too easy to have actually been informative about the strength of the banking system, and markets may not draw any new comfort or optimism from the exercise,” Goldman Sachs writes in a special report the night before EU‘s representatives will reveal – at least parts – of the results.
“Instead of listening to the idiots on TV, we will instead keep a close eye out on LIBOR, Euribor and EONIA: these will present a far better picture of true state of affairs in Europe than any farce of a test ever could,” Tyler Durden at Zero Hedge comments.
Here it is, from Goldman Sachs, “On the eve of the bank stress tests“
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