ECB vows comprehensive stress test of banks

The European Central Bank has outlined parameters for an upcoming stress test of the eurozone's biggest banks. "A single comprehensive assessment, uniformly applied to all significant banks, accounting for about 85% of the euro-area banking system, is an important step forward for Europe and for the future of the euro-area economy," ECB President Mario Draghi said. "We expect that this assessment will strengthen private-sector confidence in the soundness of euro-area banks and in the quality of their balance sheets."

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