Six German banks must explain the stress tests
The organizer of resistance testing, the Committee of European Banking Supervisors (CEBS), will try to find out why six German banks, including Deutsche Bank, were not released Friday details of their holdings of sovereign debt, announced his secretary General to the Financial Times on Monday.
CEBS, said Arnoud Vossen financial daily, had reached agreement with banks on the publication of their holdings of sovereign debt at the time of release of results of resistance tests on Friday.
Now, six German banks have not released the amount and distribution of their deposits in government bonds: Deutsche, Deutsche Postbank, Hypo Real Estate, one German bank to have failed the tests of strength, the cooperative DZ Bank and WGZ Bank and Landesbank Berlin.
Arnoud Vossen said he will call to the tax authorities, the BaFin and the Bundesbank, to ask them the reasons for this silence.
Postbank, which narrowly passed the tests, said Monday it had refused to reveal its exposure because it would have been the publication of old figures dating back to late March.
According to a spokesman for Postbank, the bank's exposure to sovereign risk Portuguese accounted for 50 million euros on July 20. The Italian paper assets totaled 4.6 billion the same day. For Ireland, the figure was 300 million euros, 1.3 billion of Greece and Spain 1.2 billion.
Deutsche Bank declined to give the reason for his silence.It could say more when publishing its second quarter results Tuesday.
- The 27 remain divided on how stress tests
- Greece and stress tests divide the Eurogroup
- Portugal pays dearly for borrowing, S & P downgrades Ireland
- The limits of "stress tests" revealed by the Irish crisis
- Depreciation of 750 million to Greece for Commerzbank
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