The ECB’s asset quality review, or AQR, is part of a broader examination that also includes a stress test to see how banks hold up under shock scenarios, to avoid nasty surprises once it starts supervising them from November. Photograph: Ralph Orlowski/Bloomberg

The European Central Bank kept the euro zone’s top lenders on tenterhooks as it promised to reveal the strategy for its unprecedented review of bank b(...)

European commissioner in charge of financial regulation, Michel Barnier. Photo: Reuters

European Union finance officials have agreed on a system for winding down failed banks, an important step toward introducing a banking union.“This wil(...)

ECB vice-president Vitor Constancio: warned EU finance ministers the new body must be able to make a decision on a bank restructuring within 24 hours. Photograph: Cyril Byrne

European finance ministers were close to agreement on a single authority to wind-down banks in Brussels last night, although concerns remained about t(...)

Minister for Finance Michael Noonan and vice president of the ECB Vitor Constancio at the IIEA conference. Photograph: Cyril Byrne

The establishment of a Single Supervisory Mechanism (SSM) for the euro zone banking sector could lead to a restructuring of the industry via a series (...)

Minister for Finance Michael Noonan with ECB vice president Vitor Constancio at the IIEA conference on the future of banking in Europe in Dublin today. Photograph: Cyril Byrne/The Irish Times

European Central Bank vice president Vitor Constancio said today the region could see a wave of bank mergers as the presence of the Single Supervisory(...)

Central Bank Governor Patrick Honohan will address the conference at the Convention Centre in Dublin. Photograph: Dara Mac Dónaill

With the financial services sector undergoing major structural and regulatory changes, the Institute of International and European Affairs hosts a one(...)

Neither Bank of England chief Mark Carney nor ECB president Mario Draghi will attend Jackson Hole this year, but Bank of Japan governor Haruhiko Kuroda (above) will be there. Photographer: Kiyoshi Ota/Bloomberg

Central bankers from around the globe gather later this week in Jackson Hole, Wyoming, but for once, the absence of the US Federal Reserve chairman me(...)

Two blocks away from the European Central Bank’s headquarters in Frankfurt, the words “No Troika” are painted defiantly across scaffolding. The graffi(...)

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