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EU bank stress tests set to begin
European Union banking regulators agreed to begin so-called stress tests on the region’s banks yesterday but said that details of how the tests will work are still being discussed. The results of the tests will be published in June, the European Banking Authority, the new pan-EU banking regulator, said in a statement after a board meeting. The tests will examine how well Europe’s banks could withstand sharply higher loan losses, falling securities prices and other potential results of a sharp macroeconomic slowdown. Details of scenarios and which banks are being tested will be published on 18 March.