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Statement by IMF Managing Director
Dominique Strauss-Kahn on EU-Wide Bank Stress Test Results
Press Release No. 10/303
July 23, 2010
Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary
Fund (IMF), issued the following statement today on bank stress test results
coordinated by the Committee of European Banking Supervisors:
“We welcome today’s publication of the results of European supervisory bank
stress tests, which have been a major undertaking and represent an important
step toward improving transparency and bolstering market confidence. The
publication of the results and the actions that have been announced to address
bank capital deficiencies promise to significantly strengthen the European
financial system. These steps complement the substantial measures that have been
taken already, including the establishment of the European Financial Stability
Facility (EFSF) and the recent and forthcoming improvements in the economic
governance and financial supervisory framework within the European Union.”
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