Thursday, September 23, 2010

Arnab Das, More Stress Tests Required?

Sept. 10 2010 | Arnab Das, Managing Director of market strategy and research at Roubini Global Economics told CNBC he believes another round of bank stress tests will be required once the new Basel III guidelines are in place and banks are fully recapitalized. “The main uncertainty stems not from Basel III or the banks stress tests in the EU…but it is a question of where is the economy is going…We are facing some headwinds because this is not a conventional situation,” he said.

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