Rumblings among financial services industry observers suggest that the government’s interpretation of last week’s bank stress tests may be a tad optimistic.

Dennis Santiago, the CEO of Institutional Risk Analytics, says that the initial stress tests “reflect a significant increase in stress across the banking industry.”

Institutional Risk Analytics bills itself as a “creative risk management” firm. Part of that creativity stems from its perspective – it helps CFOs and corporate treasury executives analyze the health of banks. The firm’s marketing pitch is also creative. Santiago asserts that his company’s database engine “has the potential to enable a quantum leap in granularity looking at the U.S. banking industry.”

Here is a sample of that granularity: Santiago’s analysis of stress test results. ###