Faculty News
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Prof. Viral Acharya's research on European bank stress tests is highlighted
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![Financial Times logo Financial Times logo](/sites/default/files/styles/192w_x_144h/public/assets/images/uat_025699.jpg?h=cd55d432&itok=uJaKbjrl)
Excerpt from Financial Times -- "On October 27, Professors Viral Acharya and Sascha Steffen published an alternative estimate, using a different methodology, for 39 publicly listed eurozone banks with a combined balance sheet of €12.5tn (a subset of the banks in the EBA stress test and the ECB’s AQR). They calculated a shortfall of €450bn at the end of 2013 — about 3.6 per cent of assets."
Faculty News
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![Financial Times logo Financial Times logo](/sites/default/files/styles/192w_x_144h/public/assets/images/uat_025699.jpg?h=cd55d432&itok=uJaKbjrl)
Excerpt from Financial Times -- "On October 27, Professors Viral Acharya and Sascha Steffen published an alternative estimate, using a different methodology, for 39 publicly listed eurozone banks with a combined balance sheet of €12.5tn (a subset of the banks in the EBA stress test and the ECB’s AQR). They calculated a shortfall of €450bn at the end of 2013 — about 3.6 per cent of assets."