CORRECTED: Four top French banks all pass stress test: regulator

15th July 2011, Comments 1 comment

All four top French banks scrutinised by EU stress tests passed the examination, the French regulator said on Friday.

The four banks, BNP Paribas, Societe Generale, Credit Agricole and BPCE passed the "particularly severe" tests with an average top class Tier One shareholder fund ratio of 7.5 percent, above the baseline of 5.0 percent, the regulator said.

© 2011 AFP

1 Comment To This Article

  • angela rast posted:

    on 16th July 2011, 11:57:27 - Reply

    I've been following the development of this story and I'm daring to be the first person to post a comment on Expatica's French website. I imagine that all foreign nationals living in France realise sooner or later that one has to be especially careful of expressing a negative opinion about anything to do with French political life. The French immediately become defensive, however mildly the critique is couched. And yes, before anyone asks, I've lived and worked in other European countries for many years and feel I am able to make a comparison.
    At last, someone in public life, in the person of Eva Joly, has dared to speak out against this national cringe-inducing show of force every 14th July. Reading the reporting of the event and seeing the pictures year after year, it reminds me of nothing more than similar events in Beijing and Moscow. All TV channels used it as the top headline in their editions (for two days) – TF1 even made a point of saying that it was the second biggest kind of its type, following Russia. Sarkozy dedicating this year's to five soldiers killed in Afghanistan doesn't make it better; what about all the other French who have died in wars? It's a reflection of the national anthem, the Marseillaise, with its accent on blood and agressiveness and of a mentality that doesn't sit well with the 21st century. In addition, the war dead are commemorated in every village and town around the country every 8th of May and 11th of November.
    From reading tens of hundreds of comments in the print media (Le Monde, Liberation, Nouvel Obs, Le Figaro, amongst others) that most of the readers' comments support Mme Joly's view. Moreover, the fact that anyone holding public office (Francois Fillon, Lionel Tardy) should say that she should “go back to Norway” is undignified and shameful. She was elected in 2011 and became president of France's Green Party and I should have thought based on that alone that she is due some respect.