Individual insurers should not have to publish the results of their capital stress tests, according to EIOPA president Gabriel Bernardino.

"I don't want to pillory individual companies," he told German newspaper Die Welt. He said that forcing companies to publish stress tests did not make sense because they are based on the EU's new Solvency II capital regime, which is still a work in progress.

In addition, Bermardino argued that insurers may be more inclined to influence the results if they knew they were to be published.

His comments come as European banks reveal their capital stress test results. Around 10 of the 91 banks are expected to be below the required level.