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Friday this week is EBA day - publication of highly detailed information about bank holdings

Tue, 26 Jul 2011 04:29:31 GMT

German banks have launched a stinging attack on the imminent publication of highly detailed information about their holdings, claiming these could worsen the sovereign debt crisis and encourage “targeted speculation” against individual financial institutions.

The European Banking Association plans on Friday to release detailed debt holdings data for 91 of the European Union’s largest banks including 13 from Germany as part of its much anticipated stress tests.

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