ECB’s Noyer: Believes everyone ready for European stress tests

ECB’s Christian Noyer says stress tests on French banks have shown there is no need to consolidate their capital bases and that they are sound.

Noyer says the Bank of France carries out stress tests on credit institutions every year and in the past it has made little sense to publish the results.

For the euro zone as a whole, Noyer believes everyone is ready for the European bank stress tests.