ECB, on new mission, sets out bank health tests plan
FRANKFURT | Wed Oct 23, 2013 8:23am BST
(Reuters) - The European Central Bank vowed on Wednesday to submit the euro zone's top banks to a comprehensive batch of tests next year, staking its credibility on a review that aims to build confidence in the sector.
The ECB wants to unearth potential risks hidden in banks' balance sheets before supervision is centralised under its roof from November 2014 as part of a European banking union.