ECB sets out second phase of asset quality review


The European Central Bank (ECB) today unveiled its plans for examining €3.72 trillion ($5 trillion) worth of assets held by the 128 largest banks in the eurozone, as it enters the second phase of its asset quality review (AQR).

The AQR is the second pillar in the ECB's ongoing comprehensive assessment. It follows an initial supervisory risk assessment, completed last month, and will then feed into a round of stress tests.

In the first phase of the AQR the ECB selected which bank portfolios would

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