国际英语新闻：EU publish results of bank stress tests, only 7 banks fail

"What really explains the result is essentially the fact that the banks start from very high levels of capital ratios," he added.

In a joint statement, the CEBS, the European Central Bank and the European Commission welcomed the transparency of the tests.

"The results of the test confirm the overall resilience of the EU banking system to negative macroeconomic and financial shocks, and are an important step forward in restoring market confidence," the statement said.

To shore up market confidence in Europe's banking sector, EU finance ministers asked the CEBS to carry out the tests from March this year.

The decision to announce publicly results of the stress tests was made at a summit meeting of EU leaders on June 17 this year.