Russia finds a third of banks could not survive another crisis
The Bank of Russia has released details of its stress testing of Russian banks which show 321, almost a third, would no longer meet the central bank's capital requirements were the economy to go through the same level of crisis experienced in 2008.
The central bank's annual report on the banking sector and banking supervision described the stress test. The scenario saw banks experience a withdrawal of between 10% and 20% of depositors' funds, as happened in October 2008. The central bank also
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