Governor of the French central bank, Christian Noyer told CNBC the quality of the exercise was "excellent" and that he is confident the result will convince markets and the general public about the quality of the banking sector in the euro zone.
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As well as stress tests, which look at how a bank would cope in the case of a market shock or if property prices were to tumble in price, the EBA carried out the Asset Quality Review (AQR).
The AQR was an audit of banks' balance sheets and the value of assets on a bank's books.
Chief economist at Saxo Bank, Steen Jakobsen said the AQR has created a better standard throughout Europe as it was the first time regulators went through banks' books.
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"Overall you can't just thow away one year's work of doing the AQR," he told CNBC – but the stress tests were "about as stressful as a walk in the park on a Sunday."
"I think the way it was done – with risk-rated assets to balance sheets used as a measure, is a very nice and flexible way of looking at your asset size. In the U.S. you have to have a total capital to total leverage which will have shown that banks in Europe and still thinly capitalized," he said.