Bankers to get an idea of stress test progress

Kathimerini English - - Front Page - ROULA SALOUROU YIAN­NIS PAPADOYIANNIS

Se­nior man­agers of the coun­try’s four sys­temic banks are in Frank­furt to­day for cru­cial meet­ings with of­fi­cials of the Euro­pean Cen­tral Bank’s Sin­gle Su­per­vi­sory Mech­a­nism (SSM).

The meet­ings will take place sep­a­rately for each bank and will fo­cus on the progress of the on­go­ing stress tests and the gen­eral and spe­cial method­olog­i­cal ap­proaches.

The SSM of­fi­cials will not present Greek man­agers with any fig­ures from the as­set qual­ity re­views or the stress tests. How­ever, the de­scrip­tion of the tech­ni­cal pa­ram­e­ters of the tests will al­low the banks to ob­tain a good pic­ture as to their re­sults.

The ECB will an­nounce the fi­nal amount of the Greek lenders’ cap­i­tal re­quire­ments by the end of Oc­to­ber.

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