ECB reveals details of how it will carry out stress tests

The European Central Bank said it will look for capital shortfalls in euro-area banks by examining more than €3.72 trillion in assets in on-site checks.

11th March, 2014
ECB headquarters in Frankfurt.

The European Central Bank said it will look for capital shortfalls in euro-area banks by examining more than €3.72 trillion in assets in on-site checks.

Releasing a 285-page manual for staff undertaking the Asset Quality Review, the Frankfurt-based ECB said any adjustments to lenders’ capital ratios identified as necessary by the unprecedented balance-sheet probe will be determined during July. While banks won’t have to revise their 2013 accounts, they may have to raise extra capital...

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