Forex Account – It was reported on June 29 that Deutsche Bank, the Commerzbank and the Bayerische Landesbank all passed the stress test set up by the relative department in EU in the forex market.
The European Union is taking a series of stress test on 25 giant banks in Europe, targeted to test whether these banks could survive in the forex market if more serious conditions come in the forex market in the future. Under the supposed condition of economic crash and increase of the unemployment, the core capital adequacy ratios of the three giant banks in German could still be maintained above 6 percent, but the sovereign debt cash has not been counted in this stress test.
The Deutsche Bundesbank and the Federal Financial Supervisory Authority made a discussion with the giant banks’ leaders on the issue of the stress test on June 30, and the content of the discussion includes expanding the scope of the stress test to more financial institutions and increase new conditions for the stress test in the forex market, ect. The leaders of the EU members made a promise on June 17 that they will try their best to publish the result of the text at the end of July.
Edited by Laura.