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New bank checks

EUROPE will inform its banks how much capital they will require to withstand an imagined two-year recession.



bolster

The European Banking Authority (EBA) will name the 90 or so banks that need to undergo this health check, which will determine which of them need to raise capital to bolster their defences against economic headwinds.

The EBA will determine the level of core capital that the banks need to have left on their books when tested under the adverse economic scenarios.


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