Europe’s largest banks will get another year to boost their balance sheets after the EU’s bank watchdog announced that it would not conduct its next ‘stress test’ of their books until 2016.
Instead of a stress test, in 2015, the London-based European Banking Authority (EBA) will run a “transparency exercise which will provide detailed data on EU banks' balance sheets and portfolios,” the watchdog said on its website.
In a statement on Tuesday (3 March), EBA said that the decision ...
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Already a member? Login hereBenjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.
Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.