...if they guarantee a positive result.
Oct. 13 (Bloomberg) -- The European Union’s top banking regulator risks worsening the sovereign debt crisis with a new round of stress tests as policy makers push the region’s lenders to raise capital levels, Germany’s banks said.
Finance Minister Wolfgang Schaeuble should stop the European Banking Authority from using stricter capital definitions under future Basel III rules to test the strength of lenders today, according to a letter to Schaeuble from Germany’s five banking associations. The Oct. 12 letter, a copy of which was obtained today by Bloomberg News, also was sent to the head of Germany’s Bundesbank and financial regulator BaFin.
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