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FSB wary of bank optimism

Nov 08, 2009 (The Australian Financial Review - ABIX via COMTEX) -- The Financial Stability Board is cautious about the state of large banks. It said that self-assessments by 20 global banks were optimistic. The board believes that banks should be able to withstand another economic downturn before they are allowed to leave government support programs.

Publication Date: 9 November 2009

FINANCIAL STABILITY BOARD
GROUP OF TWENTY (G-20)
THE GOLDMAN SACHS GROUP INCORPORATED
BNP PARIBAS SA
INTERNATIONAL MONETARY FUND
BANK FOR INTERNATIONAL SETTLEMENTS


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By Mark Deen

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