The London-based EBA, set up in 2011 to harmonize rules across the European Union, delayed stress tests until 2014 as the ECB’s asset check goes ahead to “help dispel concerns over the deterioration of asset quality due to macroeconomic conditions in Europe,” the agency said a statement yesterday.
http://www.bloomberg.com/news/2013-05-16/eu-bank-stress-tests-delay-makes-way-for-ecb-supervision-plan.htm
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