ECB rate council member Jens Weidmann, who also heads Germany's national central bank, says in a newspaper interview published Tuesday that a tough review will be necessary "to avoid unpleasant surprises later."
The ECB will review the quality of the loans and investments that Europe's larger banks have made.
Banks found to have weak finances could be pushed to increase their capital reserves against losses.
Shaky banks have been a key factor in Europe's financial and economic difficulties. The ECB says many smaller companies can't get credit because some banks' own finances are strained. |