ECB: Banking Union starts with top lenders’ health checks

The European Central Bank (ECB) has specified how it plans to scrutinize the more than 100 banks it must supervise beginning November 2014.

The ECB wants to unearth potential risks hidden in banks' balance sheets before banking supervision is centralised under its roof from November 2014 as the first part of a plan for European banking union aimed at preventing financial crises.

• Primary Source

Deutsche Welle, 23.10.13: ECB outlines health tests for banks it will supervise http://dw.de/p/1A4mO

ESO: Background information: Ministers at odds on bank rescue rules http://www.europeansources.info/record/ministers-at-odds-on-bank-rescue-rules/

Spiegel Online International, 23.10.13: 'Over-Banked': ECB Tests Set to Reveal German System Flaws http://www.spiegel.de/international/europe/ecb-tests-set-to-reveal-german-banking-faults-and-political-agenda-a-929553.html

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