ECB unveils three-pronged comprehensive assessment
The European Central Bank (ECB) today unveiled the methodology behind its forthcoming "comprehensive assessment" of the eurozone's most significant banks.
The exercise will include a supervisory risk assessment, asset quality review and stress test. When these have been completed, the ECB could then impose a range of remedial actions on banks, including forcing them to hold additional capital.
The ECB estimates it will scrutinise around 130 financial institutions, which together are responsible
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