There was another intriguing leak from “EU sources” on the subject of European bank stress-tests on Thursday.
We’d already heard earlier in the day from Spanish government sources that Santander had fetched the best rating in the tests so far.
Of course, that didn’t really tell us very much — since there were no comparatives that came with the statement.
But now we have this, via Reuters:
RTRS-EU TO PUBLISH STRESS TESTS OF ITS 25 BIGGEST BANKS, BANK-BY-BANK – EU SOURCES
Which got us thinking — are all these leaks actually part of some EU strategy designed to manage expectations ahead of full disclosure of the results?
After all, this does not seem dissimilar to the mega-leak strategy witnessed in the US last year, when state-side banks were going through their own stress-testing.
More leaks (and little official comment) in the days to come, we suspect…
Related links:
More on Spanish credit lines - FT Alphaville
So who is this person familiar with the matter? – FT Alphaville
EU leaders close to accord on stress tests – FT
Charting Europe’s grim sovereign-bank loop – FT Alphaville
Stress-testing BBVA and Santander - FT Alphaville