Ron Burgundy Posted November 18, 2013 Share Posted November 18, 2013 Too many European banks survived the financial crisis, the head of Europe's banking regulator said in a newspaper interview on Monday. "I'm convinced that too few European banks were dismantled and disappeared from the market," European Banking Authority (EBA) chief Andrea Enria told the daily Frankfurter Allgemeine Zeitung in an interview. The EBA organised a series of stress tests for European banks in recent years which have been criticised as being too lenient. Europe is currently in the process of setting up a new banking union to strengthen its financial system. View the full article Quote Link to comment Share on other sites More sharing options...
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