Financial Times FT.com

Transparency pledge in bank stress tests

By Tom Braithwaite and Krishna Guha in Washington

Published: April 15 2009 19:18 | Last updated: April 16 2009 00:19

The White House on Wednesday pledged “transparency” over the stress tests used to assess the health of the biggest US banks, as officials pushed wary banks and regulators to agree to disclose as much information as possible.

Robert Gibbs, US presidential spokesman, said that “early in May” there would be “transparency of determining and showing to all involved some of the results” of the tests.

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