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EU Bank Stress Tests Delayed to 2014 on Asset-Quality Review

The European Union’s top banking regulator delayed stress tests until 2014, allowing time for a European Central Bank-led probe into the quality of assets held by some lenders in the debt-laden bloc.

The European Banking Authority said the ECB asset check will “help dispel concerns over the deterioration of asset quality due to macroeconomic conditions in Europe,” the London-based agency said in an e-mailed statement today. The EBA, set up in 2011 to harmonize rules across EU, will still publish details of bank holdings in the second half of this year.