Prolonged low growth is the biggest risk facing the euro zone, the ECB's Ewald Nowotny told CNBC. He refused to rule out full QE in the region.» Read More
The ECB’s “stress” tests were stricter than forecast, Cyprus’s finance minister told CNBC, after three Cypriot banks failed the check.
Martin Wolf, Financial Times, provides insight to the strength of European banks.
Reint Gropp, house of finance chair for sustainable banking and finance at Goethe University, says the results of the ECB's stress tests were "too picture perfect" to be credible.
Philippe Bodereau, MD and global head of financial research at PIMCO, says that the amount of capital banks have to raise will be less than expected as many banks have already taken steps to remedy their shortfalls.
Christos Megalou, CEO of Eurobank, says the lender has already taken the steps to cover the capital shortfall highlighted in the ECB's stress tests.
Panfilo Tarantelli, chairman and CEO of Tages Holding, says that the ECB's stress tests were deemed credible by the market and the amount of capital needed to recapitalize the failed banks is "very small", creating a "great outcome" for the central bank.
Elke Koenig, President of Bafin, says that consolidation in the banking sector could follow the stress tests.
Lorenzo Bini Smaghi, former European Central Bank executive board member and current chairman of Snam, says the stress tests were "tough enough" and it is not in the ECB's interest to be soft on banks in its new supervisory role.
Carlo Alberto Carnevale-Maffe, professor of strategic management at SDA Bocconi University, says Italian banks were held to a higher standard than other banks in the ECB's stress tests.
Sam Theodore, head of financial institutions at Scope Ratings, says that the stress tests on European banks were "credible" and showed the sector is not sick.
Andreas Dombret, member of the Deutsche Bundesbank's executive board, says German banks need to improve earnings and the work following the stress tests is just beginning.
Federico Ghizzoni, CEO of UniCredit, says that the bank is looking forward with "confidence" after the stress tests on the sector.
CNBC's Stephane Pedrazzi looks at which country had the most banks that failed the stress tests.
The stress test administered by the European Central Bank indicates that there is more capital now in the banking system, says Geoff Dawes, Head of Bank Equity Research at Societe Generale.
Kelvin Tay, Managing Director and Regional CIO for Southern APAC at UBS Wealth Management, says the ECB's assessment is rigorous enough and explains why the results will boost banking stocks.
Todd Elmer, Currency Strategist at Citi, expects the European currency to see a relief rally on Monday after the ECB's healthcheck posted better-than-expected results.
Kumar Palghat, Founder & Director at Kapstream, outlines his doubts regarding the findings of the European Central Bank's stress test.
Willem Nabarro, Head of European Equities for Asia, Exane-BNP Paribas, says the latest healthcheck could spur consolidation within the European banking sector.
Vitor Constancio, Vice President of European Central Bank, describes how the data collected will be used and discusses the concerns regarding the stress tests' credibility.
13 banks have been identified by the ECB to have a shortfall on their books. Sean Darby, Global Head of Equity Strategy at Jefferies, explains why these lenders are struggling to bolster their capital.