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ECB Outlines New Bank Stress Tests

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ECB Outlines New Bank Stress Tests
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It's getting ready to become the euro zone's banking supervisor. Now the European Central Bank has outlined which lenders it's going to put through a health check next year. The ECB says it will look at 128 banks right across the euro zone to find any hidden risks on their balance sheets. The central bank is staking its credibility on this review before it takes on its supervisory role, in the first step towards European banking union.moreless

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