ECB Dark Room Crunches Bank-Test Data Amid D-Day Nerves
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Deep in the European Central Bank’s Frankfurt headquarters, there’s a room sealed off from the world.
In the Dark Room, as it’s referred to internally, staffers are combing through almost 39,000 points of data on the euro area’s 130 biggest banks before the results of the ECB’s Comprehensive Assessment are released on Oct. 26. The security precautions -- no Internet connection or external phone lines -- being taken are part of a plan to ensure that “Disclosure Day” arrives without leaks, lawsuits or glitches.