# In an op-ed, Prof. Viral Acharya discusses European banks' capital shortfalls

1 Faculty News January 17, 2014 ![VoxEU logo ](/sites/default/files/styles/246w/public/assets/images/con_030499.jpg?itok=Qjpc4sQk)>

Excerpt from [VoxEU](http://www.voxeu.org/article/what-asset-quality-review-likely-find-independent-evidence) -- "A comprehensive and decisive AQR will most likely reveal a substantial lack of capital in many peripheral and core European banks. This study provides estimates of the capital shortfalls of banks that will be stress-tested under the AQR using publicly available data and a series of shortfall measures."

[Read more](http://www.voxeu.org/article/what-asset-quality-review-likely-find-independent-evidence)