KIEV, Jan. 20 – The World Bank recommends that the Ukrainian authorities conduct stress tests of banks to assess their potential stability amid the aftershock of the world crisis, according to Andrew Burns, the Manager of the Global Macroeconomic Trends Team of the Development Prospects Group at the World Bank.
"With due regard for the financial component, we recommend conducting a stress test of the banking sector, since there is a high risk of serious problems at emerging markets' banks. I know that in Ukraine it is a serious issue... This risk will increase if there is the aftershock of the world crisis," he said at a press conference on Friday.
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