Various commentary from officials following the results of the ECB stress tests
- Bundesbank's Dombret: German banks demonstrated that they are robust enough to withstand even severe stress but have to increase their profitability in order to cross the finish line at the front.
- ECB's Noyer (France): German banks must adjust asset values by €6.7B; France banking results support 'universal banking' model - financial press
- It (the review) is one of the ways to improve (monetary policy) transmission, but it's not the only one and it does not in any way diminish the need for proper monetary policy actions. It completes them.
- German Fin Min Schaeuble: Some banks have already taken further capital measures during the year and, therefore, require no further measures.
- German banks avg capital ratio of 9.1% compared to a euro zone avg at 8.4%.