Darling must come clean on bank stress test results

The Motley Fool - Fool.co.uk - is calling on the Treasury, the Financial Services Authority and the Chancellor to release the stress-test results on Royal Bank of Scotland and Lloyds Banking Group.

David Kuo, Director at financial website The Motley Fool - Fool.co.uk, says: "The stress test results on the two beleaguered banks must be made public in the interest of savers, borrowers and investors. Failing to do so can only heighten concern and increase uncertainty in banks at a time when confidence in the financial sector is still fragile.

"The buck must stop with Alistair Darling who, as Chancellor of the Exchequer, has the power to ensure that UK citizens are kept informed about the health of the country's banking system.

"The Chancellor must follow the example set by the US Federal Reserve where stress tests carried out on American banks were made readily available. We have a right to greater transparency - not more opacity. Shareholders also have a right to information that could affect valuations.

"The FSA, the Treasury and the Chancellor may like to believe that its attitude is in our interest. But that only works if they have a proven track record of success. Sadly they don't."