Large European banks will undergo a risk assessment, asset quality review, and stress test
ECB plans to double the number of women in senior roles by 2019
Program aims to bring down borrowing rates
Another round of cheap three-year financing from the ECB will be necessary for some European banks
The longer the ECB allows the sovereign debt crisis to fester, the more expensive will be the eventual curative action
The financial system still faces a host of stability risks, the European Central Bank says.
Profits weak at some large financial institutions receiving government support
Credit measures to be scaled back in 2010
But the BoE signalled it is still concerned that the economy does not yet have enough stimulus in the pipeline
On the same day that the Bank of Canada warned that risks to the financial system haven’t abated, the European Central Bank echoed that position, as it also worries that a weak economy could undermine progress to repair the financial system.The ECB said Monday that many of the downside risks to euro area financial stability […]