Swiss regulators will today try to get a jump on European Union stress tests for banks by publishing the results of an exercise Swiss bankers claim is “twice as tough” as the EU scenario, according to the Financial Times.

The tests are expected to give a clean bill of health to both Credit Suisse and UBS. Later today, the EU is due to publish results of tests on European banks, which is thought to reveal problems in banks in nations such as Spain.

The EU results are due to be released in a series of staggered announcements from the Committee of European Banking Supervisors, national regulators and the 91 banks themselves starting at 5pm London time.

To view a recent analyst comment on the tests, click here.

The report said it was unclear how many of the 91 banks being tested will be able to prove they have a 6 per cent Tier 1 capital ratio.