has your wealth protection portfolio been stress tested?

have u heard of governments putting the banks in their country to stress testing?

one recent example was in june 2011 when the european banking authority did just that and out of 90 european banks in 21 countries that were put to the test, 5 in spain, 2 in greece and 1 in austria failed to make the cut.*

*source: http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/8641012/European-stress-tests-Eight-banks-fail.html

one analyst, mr mark o'sullivan of foreign exchange firm, currencies direct was quoted as saying:

"What seems to have occurred is a compromise amongst European banking regulators, with many questioning if the bar had been set way too low in testing the European banking sector,"

but the stress test should have at least achieved the objective assessment of the banks' ability to survive future economic shocks.

my comments: