---
title: "Pedro Machado: The exit test: why the single market in banking depends on how banks fail"
description: "Official headline crossing Helious Oct 1, 2026, 07:30 UTC: how this reads for Treasuries and equities, with the live market reaction alongside it."
source: Helious
canonical: "https://helious.io/news/efb52e47f8df656c7f22cf5555765f9a/pedro-machado-the-exit-test-why-the-single-market-in"
---

ECB
              01 Oct 2026, 07:30 UTC



# Pedro Machado: The exit test: why the single market in banking depends on how banks fail









            Copy link
            [Follow this live on the Helious desk →](https://helious.io/)