“This isn’t the end. It is the beginning. There are many more stress tests yet to come”
The Bundesbank’s Andreas Dombret sees the ECB’s asset quality review merely as a starting point
“There is now, in all countries, a risk of financial segmentation, a certain risk of financial renationalization. I think it is very important that the Basel Committee and the FSB are conscious of this and try to respond accordingly”
Jean-Claude Trichet, former president of the ECB, sees a looming threat to global banking
“Here is the government trying to kill the bank. I think it is a unique case in the world”
“We are hopeful that this will set the stage for significant capital market developments over the next five years”