Una nota preliminar sobre el ejercicio de stress testing 2011 del sistema bancario europeo; impacto de la crisis soberana griega[A preliminary note on the stress testing exercise 2011 the European banking system: impact of Greek sovereign crisis]

The Greek sovereign debt crisis exposed the weaknesses of the financial system in relation to the control and risk management in the European context. Moreover, as part of the Greek sovereign debt is concentrated in European banks, a default affect its solvency and liquidity. The new regulation introduces by the Basel Committee, known as Basel III, raises new rules aiming to improve risk management in banks. The European Community has conducted stress tests on some European banks, whose results were presented in July 2011. These showed a strong banking system, with strong capital positions. However, current evidence, although preliminary, show otherwise.