On Air Now

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 1330 AM Sheboygan, WI

Weather

Current Conditions(Sheboygan,WI 53081)

More Weather »
59° Feels Like: 59°
Wind: SSW 3 mph Past 24 hrs - Precip: 0.06”
Current Radar for Zip

Tonight

Clear 60°

Tomorrow

Mostly Sunny 79°

Thurs Night

Thunderstorms Late 68°

Alerts

ECB watchdog says bank safety checks running according to plan

FRANKFURT (Reuters) - Efforts by the European Central Bank to collect reams of lending data from leading euro zone banks are almost done, and plans to complete safety checks are running according to plan, the ECB’s top financial supervisor said on Wednesday.

Daniele Nouy, the head of the new banking watchdog at the ECB, said preparations for the so-called asset quality review, or AQR, which aims to test bank's balance sheets, were on track for a timely finish.

"The AQR data collections have been almost fully completed," Nouy said in a presentation.

The ECB's Single Supervisory Mechanism (SSM) is preparing to oversee around 120 banks as the leading European watchdog from Nov. 4.

(Reporting by Paul Carrell; Writing by Thomas Atkins; Editing by Maria Sheahan)

Comments