ECB’s Nouy: Italian spreads unwelcome development for banks

The European Central Bank (ECB) Banking Supervision Head Danièle Nouy is out on the wires now, making her scheduled speech on the European banks” stress tests.

Key Points:

Stress test has not showed need for recapitalization.

Stress tests need to offer more insight to supervisors.

Italian spreads unwelcome development for banks, but it is not last time we face this kind of scenario.