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Still vulnerable: the euro area’s small and medium-sized banks

Mody, Ashoka, Wolff, Guntram, (2015), “Still vulnerable: the euro area’s small and medium-sized banks”, Bruegel publications, 14 Αυγούστου

The European Central Bank’s 26 October 2014 publication of the results of a comprehensive assessment of 130 banks under its oversight (ECB, 2014) identified problems in terms of non-performing assets and capital shortfalls. Nevertheless, the outcome brought a sense of relief to financial markets. Unlike stress tests conducted in July and December 2011 by the European Banking Authority, the ECB’s assessment was considered broadly credible.

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