Dutch Central Bank head of financial risk management, Anthony Kruizinga, comments at event in Dublin. *European Central Bank, European Banking Authority stress test will aim to have one adverse scenario to test banks’ health, he says *Scenario should be tough, not too tough, he says *“If it’s only one scenario, to make it an ultimate tail event, that’s a bit awkward,” he says *“You cannot stress everything in one test”: Kruizinga *No decisions yet taken on design of stress test, he says *Test will still be “severe and credible,” he says *NOTE: Mersch Says ECB’s Stress Tests May Cover Three-Year Period NSN MWGT7K6K50Y2 <GO>
European Central Bank President Mario Draghi said keeping interest rates low for an extended period carries risks that policy makers weighed carefully before they reduced the benchmark rate to a record low.
The European Central Bank said France’s Daniele Nouy is its pick to lead the region’s new bank supervisor, after a year-long spat over gender diversity highlighted the lack of women in top central-bank jobs.
European Central Bank Executive Board member Yves Mersch said stress tests on euro-area banks will probably simulate three years of negative economic conditions as part of a check on the financial system’s health.
European Union ministers overcame German unease on direct aid to lenders and agreed on rules for how public funds can be made available for banks shown to have insufficient capital in upcoming balance-sheet checks.