ECB to stress test top eurozone banks

The European Central Bank plans to carry out comprehensive and uniform stress tests on 128 top eurozone banks over the next year as it aims to build confidence in the financial sector by improving transparency and implementing "corrective action" where needed.

The ECB intends to complete the tests by October 2014, a month before taking on its new supervisory role.

The central bank will ask the banks it's reviewing to provision 8% of their risk-adjusted capital as a buffer against losses on loans and other parts of their portfolio. Those with shortfalls will be ordered to make them up.

Related tickers: DB, SAN, BBVA, EUFN.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs