News Headline Summary

EBA chief says European banking system much sounder now thanks to EBA exercise on capital

- New derivative rules under completion will reduce chances of a new case like Monte Paschi in the future.
- Monte Paschi case should not prompt generalisations on the credibility of Italian banks.

Update details:

- Earlier this morning, it was reported citing the head of the EBA, that the organisation is considering carrying out new stress tests.

Print 13:49, 31 Jan 2013 - European Equities - Source: Newswires